New Delhi: Of late, IT stocks have been bleeding. On February 18, many IT stocks including Tech Mahindra and Infosys recorded a drop of more than 2 per cent. Notably, India’s largest insurance company, Life Insurance Corporation of India (LIC), increased its stake in IT stocks in the December quarter of 2025-26. Going against market sentiment, the insurance behemoth made a huge investment in the IT sector.
While most investors were selling their holdings in IT stocks, the country’s largest domestic institutional investor (DII), LIC, invested thousands of crores of rupees in the IT companies. On the other hand, LIC reduced its stake in banking, metal, and some large industrial stocks.
LIC’s huge investment in IT sector
According to an Economic Times report, LIC pumped Rs 3,136 crore to purchase shares of Tata Consultancy Services during the December quarter. It infused Rs 2,293 crore to buy HCL Technologies stocks. The insurance behemoth also raised its stake in Coforge from 1% to 4.66%. However, the stake was later reduced to 2.20%. LIC’s total investment in the IT sector increased from Rs 1.82 lakh crore to Rs 2.17 lakh crore. Now IT accounts for 12.43% of its portfolio.
LIC sold banking stocks
LIC increased its stake in IT companies and offloaded its stakes in the banking sector. It sold shares worth Rs 3,080 crore in State Bank of India (SBI). It also sold stocks of HDFC Bank worth Rs 1,528 crore and Rs 1,173 crore of Bank of Baroda. Despite the sell off, LIC’s stake in financial services is huge, with a total value of Rs 4.64 lakh crore.
LIC offloaded industrial and metal stocks
LIC reduced its stake in Larsen & Toubro as it sold stocks worth Rs 2,442 crore. It also offloaded its holdings worth Rs 2,367 crore in Reliance Industries. The insurance biggies sold its stakes in Hindalco Industries, Vedanta, and Steel Authority of India and Adani Ports.
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