Let us see the details of which shares were bought and sold by leading life insurance companies like ICICI Prudential, SBI, Life, HDFC, Life, Tata AIA Life and Kotak Life in the month of March when the stock market was in decline. Through this one can take investment decision.
ICICI Prudential
The company bought Infosys shares for Rs 675 crore in March. Also Sona has invested Rs 200 crores in BWL Precision. Bajaj Finance has bought shares for Rs 182 crore. CampusActiveer has added Alchem Lab to its portfolio.
On the other hand, they reduced their investment in Reliance shares by Rs.161 crore. They have sold shares worth Rs 145 crore in Titan and Rs 133 crore in Maruti Suzuki. Medplus Health has completely exited Vedanta, Chula Vineyard, Paytm.
SBI, Lieb
In March, the company invested Rs 190 crore in Reliance shares, Rs 149 crore in ICICI Bank and Rs 107 crore in TCS. Apart from these, Tube Investment has also added to its new portfolio.
On the other hand they sold shares worth Rs.141 crore in Sun Pharma. Tata Consumer reduced Rs 112 crore and Bajaj Pinservice worth Rs 101 crore. Butterfly has sold its entire stake in Gandhimati.
HDFC, Lieb
The company has invested heavily in mid and small cap stocks in the past month. UNO has bought shares worth Rs 177 crore in Minda. Astral has invested Rs 74 crore in Pipes. CG has invested Rs.59 crore in power.
It has also significantly reduced investments made in some major companies. Sold Rs 88 crore worth of shares in Canara Bank. ABB has sold shares worth Rs 59 crore and Page Industries worth Rs 40 crore in India.
Kodak Life
The company has offloaded shares worth Rs 39 crore from Infosys. Crompton is completely out of the company.