More than three dozen firms in the portfolio of the country’s biggest institutional investor, Life Insurance Corporation of India (LIC), reported more than 50 per cent year-on-year (YoY) increase in net profit for the quarter ended September 30.
These companies are from across sectors such as paints, financials, cement, defence, pharma, paints, metal, insurance and PSUs.
Analysts have turned bullish on some of them post Q2 numbers.