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livemint.com / 2 months ago
livemint.com / 2 months ago
LIC holds these three penny stocks. Should you?
When discussing Life Insurance Corporation of India (LIC) and penny stocks, it’s a classic case of ‘big money’ playing a very different game than the average retail investor.While LIC is famous for its blue-chip holdings, it actually maintains a long tail of low-priced stocks. However, low-priced stocks are sometimes not active buys but holdings that have eroded over years.Here are three penny stocks that LIC holds.
We have considered stocks priced under ₹20, irrespective of their face value.Easy Trip Planners, operator of EaseMyTrip.com, a leading Indian online travel agency founded in 2008 and headquartered in New Delhi. It offers comprehensive travel services, including flights, hotels, holiday packages, and rail/bus tickets, notably operating on a no-convenience-fee model to attract customers.LIC holds a 2.3% stake, currently valued at ₹79.7 crore, according to data from Trendlyne.Revenue increased to ₹151.7 crore in Q3 FY26 from ₹150.6 crore a year earlier.
Net profit came in at ₹3.1 crore versus ₹34 crore a year earlier. EaseMyTrip’s international operations remained a key growth driver during the quarter.
Dubai continued to be one of the company’s strongest-performing international markets, contributing meaningfully to overall growth. During Q3 FY26, Dubai operations recorded gross booking revenue (GBR) of ₹397.6 crore, up from ₹170.5 crore in the same quarter of the previous year, representing a 133.2% year-on-year increase.On 16 February the company announced plans to raise capital up to ₹500 crore as part of its strategy to scale key growth areas and reinforce its financial strength.
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