LIC increases stake in this Nifty bluechip stock through open market - Jobs World

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Wednesday, June 7, 2023

LIC increases stake in this Nifty bluechip stock through open market

LIC increases stake in this Nifty bluechip stock through open market https://ift.tt/AJ2SrHP Insurance Corp (LIC) has raised its stake in Indian IT services firm Tech Mahindra to 8.8% from 6.8%, having added 1.96 crore shares through open market transactions. LIC saw its income from investments increase slightly to INR67,846 crore ($10.5bn) for the January-March period. Tech Mahindra shares ended 0.85% higher at INR1,095 on the NSE on 28 June, and the company has an average target of INR1,086.09, just under the current price, according to Trendlyne.

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