LIC raises over 2% stake in Container Corporation of India. Details here | Stock Market News

LIC shareholding: India’s biggest domestic institutional investor Life Insurance Corporation of India (LIC) increased its stake in public sector railway stock Container Corporation of India (CONCOR), the insurer informed exchanges on Wednesday, January 22.

LIC said its stake in CONCOR increased by 2.028% between September 6, 2024 and January 21, 2025. In September, LIC held 4.74 crore shares of CONCOR, representing a 7.78% stake in the company. The shareholding increased to 5.97 crore shares or 9.809% stake as of yesterday, January 21.

Meanwhile, in this month alone, LIC acquired nearly 40 lakh shares of CONCOR. Its stake at the end of the December 2024 quarter stood at 5.57 crore, which increased to 5.97 crore shares as of January 21. The insurer picked the stake in CONCOR via open market purchases, signalling faith in the company’s outlook.

As of the previous close of ₹755.45 apiece on the BSE, LIC’s stake in CONCOR is worth nearly ₹4,515 crore.

CONCOR Share Price Performance

The PSU railway stock Container Corporation of India shares have performed poorly in the last one year, with the stock declining 15% during this period. On one-month, three-month and six-month basis too, the stock performance has been dismal, declining 3%, 12% and 26%, respectively.