Hindustan Motors Ltd
LIC decreased its stake in Hindustan Motors from 1.18% to 1.15%, selling 50,690 shares.
A manufacturer of passenger cars and utility vehicles established in 1948, Hindustan Motors produces automobiles, spare parts, steel products, and components for the Indian automotive market. The company also engages in trading of vehicle spare parts, serving both original equipment manufacturers and the broader aftermarket segment. Its diversified operations span vehicle manufacturing, automotive component supply, and steel production across India.
India's largest domestic institutional investor with over Rs 56 lakh crore in total AUM, of which roughly Rs 15 lakh crore sits in listed equities. Holds stakes in virtually every major listed Indian company. When LIC builds or exits a position, it moves markets. Government-owned and mandated to invest policyholder funds in Indian equities and bonds, making it the ultimate long-only, long-term India bull.