LIC clocks record share sales in Q1

[Bilgin]

LIC clocks record share sales in Q1 State-run insurance company LIC recorded its highest-ever gains in the first quarter of the fiscal year, generating approximately $3.16 billion. The company sold shares in at least 87 leading Indian firms, yielding a profit of roughly $4 billion. The majority of the gains were made by selling shares in bluechip companies such as Hindustan Unilever, Reliance Industries, and Maruti Suzuki. LIC's investment strategy also involved selling shares of Nestle India, NTPC, Titan, and Power Grid.