|Chennai||Rs. 27770.00 (-0.14%)|
|Mumbai||Rs. 29200.00 (2.31%)|
|Delhi||Rs. 27900.00 (-0.36%)|
|Kolkata||Rs. 28270.00 (1%)|
|Kerala||Rs. 27050.00 (-0.37%)|
|Bangalore||Rs. 27550.00 (1.66%)|
|Hyderabad||Rs. 27770.00 (-0.14%)|
Does Life Insurance Corporation of India (LIC) know something other institutional investors don't?
In the last few years, LIC's equity portfolio has seen significant churn. Known for its contrarian and long-term approach to equity investing, the insurance major seems to be using the market buoyancy to cut exposure to segments such as fast-moving consumer goods, health care and private sector banks, in favour of laggards such as public sector banks and companies in the power, telecom, metals, capital goods and oil & gas segments. While a few of its bets such as IT and telecom have begun to pay, the insurer might have to wait longer to see success with the others.