Bharat Dynamics Limited
LIC decreased its stake in Bharat Dynamics Limited from 1.71% to 1.58%, selling 4,63,500 shares.
A Government of India enterprise engaged in manufacturing guided missiles and advanced defence equipment for the Indian armed forces. Bharat Dynamics specializes in the design, development, and production of a wide range of missile systems and related aerospace technologies. The company serves as a key strategic supplier of defence systems to India's military establishment and plays a vital role in the nation's defence infrastructure.
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.