LIC Cuts Stake in These 10 Stocks: Do You Own Any?
LIC reduced its holdings in several major stocks during Q4 FY26, including SBI, ICICI Bank, HDFC Bank and Tata Steel. Here’s the full list of stocks sold by India’s largest institutional investor and how they performed.
Quick Summary
LIC Portfolio: LIC reduced its stake in several companies during Q4 FY26, including SBI, ICICI Bank, HDFC Bank, Coal India and Tata Steel. Banking stocks saw the highest selling value, while metal and PSU stocks still delivered positive returns despite LIC trimming its holdings during the March 2026 quarter.
LIC Portfolio Update: Life Insurance Corporation of India (LIC), India’s largest domestic institutional investor, reduced its stake in several companies during March 2026 quarter. The selling was seen across banking, metals, infrastructure, FMCG and PSU stocks.
Among the biggest names where LIC trimmed its holdings were State Bank of India, ICICI Bank, HDFC Bank, Coal India, Larsen & Toubro and Tata Steel. While some of these stocks declined during the quarter, a few managed to deliver positive returns despite LIC’s selling.
Top Stocks Sold by LIC in Q4 FY26
Here’s a closer look at the stocks where LIC reduced its stake during Q4 FY26. Some of the biggest names included State Bank of India, ICICI Bank, HDFC Bank, and Larsen & Toubro.
|
Company |
LIC Holding Dec 2025 (Cr shares) |
LIC Holding Mar 2026 (Cr shares) |
Net Sell Value (₹ Cr) |
Stock Performance 1 Jan-26 May |
|
State Bank of India |
84.51 |
80.29 |
4,626 |
-1.5% |
|
ICICI Bank |
34.43 |
31.86 |
3,449 |
-4.28% |
|
Coal India |
71.34 |
68.07 |
1,431 |
+13.85% |
|
Piramal Finance |
1.01 |
Below 1% holding |
NA |
+18.66% |
|
Grasim Industries |
4.98 |
4.51 |
1,291 |
+11.00% |
|
HDFC Bank |
63.57 |
62.24 |
1,145 |
-21.28% |
|
Britannia Industries |
1.25 |
1.07 |
1,030 |
-10.97% |
|
Larsen & Toubro |
17.27 |
17.03 |
911 |
-2.50% |
|
Steel Authority of India |
37.93 |
32.41 |
849 |
+37.14% |
|
Tata Steel |
90 |
86.43 |
715 |
+15.70% |
Source: ET
What LIC’s Selling Trend Shows
LIC’s latest portfolio changes suggest that the insurer booked profits or reduced exposure in several heavyweight stocks during a volatile market phase. Banking stocks saw the highest selling value, with SBI, ICICI Bank and HDFC Bank leading the list.
But not all stocks reacted negatively. Coal India, Tata Steel and SAIL delivered positive returns during the quarter even after LIC reduced its stake. On the other hand, private banking and FMCG stocks remained under pressure.
LIC’s portfolio moves are closely tracked by retail investors because the insurer is one of the largest shareholders in many Indian companies. Changes in its holdings reflect broader market trends, sector rotation and valuation-based decisions.
Conclusion: Metal Stocks Still Delivered Positive Returns
Metal and PSU stocks showed strength during the quarter. Coal India gained nearly 13%, while Tata Steel and SAIL also ended the quarter in positive territory even after LIC reduced its holdings.
This indicates that sectoral momentum and commodity price trends continued to support metal stocks during the period.
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