The life insurer has lost Rs 2,500 crore in holding value after the steep fall at the counter. That stake today amounts to Rs 20,652 crore, down 10.4 per cent over Rs 23,050-odd crore at the end of December quarter.Bank of India and NTPC declined 38 per cent and 7 per cent, respectively. These are the other two PSU stocks in LIC portfolio that have notionally hurt the public life insurer by over Rs 1,000 crore.The five stocks stated above alone gave a Rs 12,600 crore blow to LIC. The top 10 accounted for Rs 16,200 crore loss.Corporation Bank (18.91 per cent), BHEL (14.31 per cent) and SCI (14.13 per cent) are some of the PSUs where LIC has significant stakes. Analysts said the weakness in PSU stocks for the past few months has been among the reasons behind the issue’s muted show.

Source: Economic Times March 22, 2018 06:33 UTC