LARGECAP IT STOCK IN THE NEWS AFTER LIC INCREASED IT'S STAKE IN THE COMPANY

Life Insurance Corporation of India (LIC) has increased its shareholding in

through open market purchases. Earlier, LIC held 7% of the company’s paid-up capital. Recently, LIC acquired an additional 2% of total equity. After this acquisition, LIC’s total shareholding in has risen to 9% of the company’s paid-up share capital. This increased investment by LIC reflects strong confidence in growth prospects and is expected to enhance investor trust and market sentiment towards the company. On the financial side, it's revenue has increased from Rs 9,143 crore in Q1 FY25 to Rs 9,841 crore in Q1 FY26, which has grown by 7.63%. The net profit has also grown by 10.57% from Rs 1,135 crore in Q1 FY25 to Rs 1,255 crore in Q1 FY26. The company's revenue and net profit have grown at a CAGR of 28.43% and 24.80%, respectively, over the last five years.