In Q3, LIC reduced its holdings in almost 100 stocks; the top 10 selling were Tata Power and HPCL.

In Q3 2024–2025, LIC increased its holdings in 71 equities while decreasing its interests in 98, with notable drops in Tata Power, Tata Chemicals, and Voltas. LIC's stake in NSE-listed businesses fell to an all-time low during the quarter.

LIC Portfolio firms: As it booked profits in the face of high valuations and a downturn in profitability, the largest life insurer in India and a domestic institutional investor (DII), Life Insurance Corporation of India (LIC), reduced its holdings in 98 firms during the third quarter of the current fiscal year 2024–45.

As a result, LIC's ownership stake in NSE-listed companies fell to an all-time low of 3.51%. In the meantime, LIC's portfolio value fell 8.80% from ₹16.75 lakh crore in the September quarter to ₹15.28 lakh crore in the third quarter, according to the analysis by Prime Infobase.

LIC did, however, increase its investment of 71 stocks during the quarter.

LIC's Q3 sales of stocks
In Q3, LIC was observed dumping its holdings in a few Tata group companies, including Voltas, Tata Power, and Tata Chemicals.

It sold off 154 basis points of its interest in Tata Power, increasing its ownership from 4.67% in Q2 to 3.13% in Q3. LIC's position in Tata Chemicals fell 96 basis points to 7.25%, while its stake in Voltas fell 113 basis points to 2.03%. Additionally, LIC sold off a portion of HPCL, lowering its ownership below 1%. In a similar vein, Strides Pharma's ownership fell below 1%.

In terms of proportion, LIC also sold the largest share in Divi's Labs, India Cements, Paradeep Phosphates, CAMS, and Coforge.

Company	Holding as of Sept quarter (%)	Holding as of Dec quarter (%)	Decrease in Holding (%)
PARADEEP PHOSPHATES LTD.	4.15	2.25	-1.9
TATA POWER CO.LTD., THE	4.67	3.13	-1.54
VOLTAS LTD.	3.16	2.03	-1.13
TATA CHEMICALS LTD.	8.21	7.25	-0.96
INDIA CEMENTS LTD., THE	3.6	2.64	-0.96
DIVI'S LABORATORIES LTD.	6.95	6.03	-0.92
STRIDES PHARMA SCIENCE LTD.	1.91	Less than 1%	N.A.
COMPUTER AGE MANAGEMENT SERVICES LTD.	3.95	3.05	-0.9
COFORGE LTD.	6.19	5.31	-0.88
HINDUSTAN PETROLEUM CORP. LTD.	1.82	Less than 1%	N.A.

Stocks purchased by LIC in Q3
LIC, an institutional investor, made large acquisitions of FMCG equities in Q3, including Procter & Gamble Hygiene, Patanjali Foods, Nestle India, and Dabur.

In Q3, LIC's ownership of equities such as Cochin Shipyard and Astral grew to more above 1%, rising to 2.42% and 2.31%, respectively.

Company	Holding as of Sept quarter (%)	Holding as of Dec quarter (%)	Increase in Holding (%)
PROCTER & GAMBLE HYGIENE	Less than 1%	4.23	N.A.
BANK OF MAHARASHTRA	4.05	7.1	3.05
PATANJALI FOODS LTD.	3.72	5.16	1.44
COCHIN SHIPYARD LTD.	Less than 1%	2.42	N.A.
NESTLE INDIA LTD.	2.79	4.12	1.33
ASTRAL LTD.	Less than 1%	2.31	N.A.
CESC LTD.	3.41	4.7	1.29
DABUR INDIA LTD.	3.66	4.66	1
SHYAM METALICS & ENERGY LTD.	2.49	3.47	0.98
CYIENT LTD.	2.17	3.11	0.94

For the quarter that ended in December 2024, the three equities that witnessed the largest gain in LIC's portfolio holdings in percentage terms were Shyam Metalics, Cyient, Bank of Maharashtra, and CESC.

Prospects for the Market
Analysts are encouraging investors to exercise patience and stick with large-cap stocks in 2025 because to the stock market's volatile outlook, which includes uncertainty surrounding Trump's economic policies, high valuations, and a downturn in earnings.

"The durability of large-cap stocks is encouraging, even though the overall market is still under pressure. In the past, the Indian market has well handled comparable difficulties, ranging from taper tantrums to geopolitical worries. "A number of factors, including tapering, a slowdown in earnings, high valuations, and trade uncertainties, are driving the current correction," stated Vinod Nair, Head of