As indices have been falling recently, slowly LIC has bought some stocks; mainly they are banks which have faced most of the selling pressure.
Companies where LIC has raised stakes recently (Source: Various news reports)
| Stock | Stake hiked to (%) |
| ICICI Bank | 9.38 |
| GAIL | 9.98 |
| IOB | 7.09 |
| HDFC Bank | 7.105 |
| PNB | 10 |
As an investor, you should not get tired of buying. Peter Lynch once said, "When stocks are attractive, you buy them. Sure, they can go lower. I've bought stocks at $12 that went to $2, but then they later went to $30. You just don't know when you can find the bottom."
Bear market is the best time to build a portfolio. Those who miss out on such opportunities, have to beg for corrections so that they can get a chance to buy, but they hardly get any offerings. The time is not too far for the rally. Better to be a beneficiary of a bull-run than a beggar of a bull-run.
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