The Life Insurance Corporation of India (LIC) stands as the largest government-owned entity in the life insurance and investment sector in India. Its main responsibility involves channeling funds obtained from individuals through various life insurance policies into global financial markets and other government assets.
According to the corporate shareholdings reported for June 30, 2024, LIC publicly possesses 101 stocks, which have a total value exceeding ₹ 4,29,447 Crore.
DCM Shriram Industries Ltd.
DCM Shriram Industries Ltd. is a multifaceted organization with a varied portfolio encompassing sugar production, alcohol manufacturing, power generation, chemicals, and additional sectors.
DCM Shriram Industries manages several sugar manufacturing facilities in Uttar Pradesh, boasting a total installed capacity of 38,000 tonnes crushed per day (TCD). Additionally, the company operates a distillery with a production capacity of 150 kilolitres per day (KLD), specializing in the production of ethanol and various alcoholic beverages.
As of the June quarter of FY 23-24, LIC holds a 4.84 percent stake in the company. The company’s promoter holds a 50.11 percent stake and Foreign Institutional Investors hold a 2.23 percent stake in the company.
DCM Shriram Industries has experienced an 11 percent decrease in revenue year on year, falling from ₹2,351 crores in FY22-23 to ₹2,083 crores in FY23-24. Conversely, during this timeframe, net profit has surged by 92 percent, increasing from ₹60 crores to ₹115 crores.
Bank of India (BOI)
Bank of India (BOI) is a public sector bank in India that provides a wide range of banking products and services for both retail and corporate clients, encompassing retail banking, corporate banking, rural banking, and additional offerings.
The net interest income (NII) of the bank experienced a year-on-year increase of 7 percent, reaching ₹ 5,937 crore. Additionally, the bank’s global business grew by 11.6 percent year-on-year, amounting to ₹ 11.8 lakh crore, while the global return on assets remained stable at 0.6 percent.
As of the June quarter of FY 23-24, LIC holds a 6.57 percent stake in the company. The company’s promoter holds a 73.38 percent stake and Foreign Institutional Investors hold a 3.61 percent stake in the company.
In the fiscal year 2023-2024, the company’s consolidated revenue experienced a remarkable increase of 27%, rising to ₹47,932 crores from ₹61,073 crores in the fiscal year 2022-2023. Similarly, the net profit for this fiscal year saw a substantial growth of 71%, reaching ₹6,567 crores, in contrast to ₹3,839 crores recorded in the previous fiscal year.
On Monday, Bank of India shares were priced at ₹117 each, reflecting an increase of 0.81 percent compared to the previous closing price. The company’s market capitalization stands at ₹52,834 crore.
Canara Bank
Established in 1906 and based in Bangalore, Canara Bank stands as a prominent public sector bank in India. It provides an extensive array of banking services, including savings and current accounts, along with fixed deposit options. Furthermore, Canara Bank offers investment solutions, such as mutual funds and insurance products, to support customers in effectively managing their financial assets.
As of the June quarter of FY 23-24, LIC holds a 5.83 percent stake in the company. The company’s promoter holds a 62.93 percent stake and Foreign Institutional Investors hold an 11.91 percent stake in the company.
In the fiscal year 2023-2024, the bank experienced a remarkable increase in consolidated income, rising by 28% to reach ₹1,10,519 crores, up from ₹85,885 crores in the fiscal year 2022-2023. Similarly, the net profit for this fiscal year saw a significant growth of 36%, amounting to ₹15,401 crores, in contrast to ₹11,345 crores recorded in the previous fiscal year.
On Monday, Canara Bank shares were priced at ₹108 each, reflecting an increase of 0.98 percent from the prior closing price. The company’s market capitalization stands at ₹97,646 crore.
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