5 Stocks Where LIC Invested Over ₹100 Crore in Q4 FY24 — Should You Watch Them?

India’s largest institutional investor, the Life Insurance Corporation (LIC), made some interesting moves in the fourth quarter of FY24. The insurance giant added fresh stakes worth over ₹100 crore each in five companies across diverse sectors — a clear signal of confidence in these businesses.

Let’s break down where LIC is putting its money — and why these stocks should be on your radar.

1. Indian Railway Finance Corporation (IRFC)

1. LIC’s stake: 1.05% (137.8 million shares)
2. Why it matters: IRFC plays a critical role in financing Indian Railways’ massive infrastructure expansion. Backed by the government, it’s a consistent performer with a low-risk profile, attractive to long-term investors seeking stability and dividends.
   

2. Jindal Stainless Ltd (JSL)

1. LIC’s stake: 1.24% (10.2 million shares)
2. Why it matters: As India’s largest stainless steel producer, JSL stands to benefit from rising demand in construction, manufacturing, and exports. LIC’s move suggests strong confidence in the metal sector’s growth prospects.
   

3. KPIT Technologies

1. LIC’s stake: 1.32% (3.6 million shares)
2. Why it matters: KPIT is a niche tech company focused on automotive software—especially electric and autonomous vehicles. With EV adoption growing globally, KPIT offers exposure to next-gen auto tech, a sector LIC clearly sees promise in.
   

4. Punjab & Sind Bank

1. LIC’s stake: 1.33% (94.1 million shares)
2. Why it matters: This public sector bank is undergoing transformation with improved fundamentals and digitization. LIC’s investment indicates potential for long-term recovery and value creation in smaller PSU banks.
   

5. BLS International Services

1. LIC’s stake: Not publicly disclosed (over ₹100 crore invested)
2. Why it matters: BLS offers outsourcing services for visa and consular operations globally. With increased travel and globalization, this niche player is quietly gaining market share—evident from LIC’s backing.
   

What Should Retail Investors Do?

While LIC’s moves are worth tracking, don’t blindly follow institutional activity. Instead:

1. Do your own research (DYOR)
2. Consider your financial goals and risk profile
3. Use LIC’s investments as a guide to study promising sectors
   
   

Final Word:

LIC’s Q4 picks reflect a diverse mix of infrastructure, banking, tech, and services. If you’re building a long-term portfolio, these stocks could offer inspiration for further analysis.