The market value of Life Insurance Corporation of India’s (LIC) investment in Adani Group stocks has crossed Rs 45,000 crore in less than two months.
The state-owned insurer had invested Rs 25,785 crore in Adani Group stocks between February 1 and March 8, 2023. The value of these investments has since increased to Rs 45,000 crore, as Adani Group stocks have rallied in the past two months.LIC’s investment in Adani Group stocks is part of its broader strategy to invest in infrastructure and other growth sectors. The insurer has been increasing its exposure to these sectors in recent years, as it seeks to generate higher returns for its policyholders.
Adani Group is one of India’s largest conglomerates, with interests in a wide range of sectors, including energy, ports, and airports. The group has been on a growth spree in recent years, and its stocks have outperformed the market.
LIC’s investment in Adani Group stocks has been welcomed by analysts, who believe that the insurer has made a wise investment. They point out that Adani Group is a well-managed company with a strong track record of growth. They also believe that the group’s businesses are well-positioned to benefit from the government’s focus on infrastructure development.
LIC’s investment in Adani Group stocks is a sign of the insurer’s confidence in the group’s future prospects. The investment is also a vote of confidence in the Indian economy, which is expected to grow at a healthy pace in the coming years.
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