LIC invests ₹34k cr in equity during Q1
LIC is known for its capability to lend the strongest support to Indian equity markets, bought shares worth at least Rs. 46,444 Crore during the April-June period on a gross basis, while selling equities worth over Rs. 12,000 Crore during the quarter, said an LIC executive during the conference
MUMBAI : Life Insurance Corp. of India (LIC) made net purchases of shares worth more than ₹34,000 crore from the equities market in the fiscal first quarter, the country’s largest insurer said on Friday, as it announced a sharply higher net profit of ₹602.78 crore for the June quarter.