LIC increases stake in Granules India to 5.02%

Life Insurance Corporation of India (LIC) has increased its stake in Granules India to 5.02%. This follows LIC's purchase of 79,000 shares, raising its total holdings to 1,21,82,570 shares. Granules India shares rose by 1.02% to ₹ 478.00 on Tuesday, despite a general decline in the Indian stock market. The company's stock has dropped over 32% in the past six months. Previously, LIC held a 4.26% stake in Granules India as of December 2024. The stock has seen significant volatility, with a 16.55% decline in the past month and over 20% year-to-date.