Key Points
LIC's share by value in companies listed on NSE went down to 3.64% as on December 31, 2023, from 3.73% as on September 30, 2023, but in value terms, the holding rose 11% to Rs 13 lakh crore, according to data from PRIME Database...
Insurance companies, as a whole, sold a net of Rs 15,622 crore during the quarter, a major part of which is attributable to LIC since the behemoth commands a lions share of investments in equities by insurance companies (at least 68% share or Rs 13.02 lakh crore), said PRIME's Pranav Haldea...
During the quarter, the share of domestic institutional investors or DIIs dropped marginally to 15.96% from 15.99% quarter-on-quarter, while the share of FIIs also declined 21 bps to 18.19% despite net inflows from FIIs of Rs 50,588 crore in Q3...
"The share of High Net Worth Individuals (HNIs) (individuals with over Rs 2 lakh shareholding in a company) increased slightly to 2.06 per cent as of December 31, 2023, from 2.05 per cent on September 30, 2023..
The combined retail, HNI, and MF share, however, reached an all-time high of 18.44 per cent as of December 31, 2023," the report said.. There were 13 companies in which the trinity of promoters, FIIs and DIIs all increased their stake during the quarter - Westlife Foodworld, Gujarat Narmada Valley Fertilizers & Chemicals, Wonderla Holidays, Ami Organics, Thangamayil Jewellery, Unichem Laboratories, Shankara Building Products, Snowman Logistics, Bajaj Healthcare, Associated Alcohols & Breweries, Macpower CNC Machines, Sukhjit Starch & Chemicals and Chembond Chemicals...
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