LIC's 2025 Portfolio Review: 64% Stocks Decline While 77 Outperform Nifty, Including Two Multibaggers

LIC of India , the country's largest institutional investor, concluded 2025 with a mixed portfolio performance that reflects the broader market's selective sentiment. An analysis of 288 stocks in the insurer's portfolio reveals stark contrasts between significant winners and notable underperformers.

Portfolio Performance Overview

The 2025 scorecard shows 184 stocks, representing 64% of LIC's portfolio, ending in negative territory. Among these declining stocks, 136 experienced double-digit falls ranging between 10% and 90%. The remaining 104 stocks, accounting for 36% of the portfolio, delivered positive returns for the year.

Portfolio Segment	Number of Stocks	Percentage
Declining Stocks	184	64%
Gaining Stocks	104	36%
Total Portfolio	288	100%

Major Underperformers

The portfolio's biggest laggard was VL E-Governance & IT Solutions, which declined over 90%. Other significant underperformers included Flexituff Ventures International and Vakrangee, falling 80% and 77% respectively. Stocks with declines exceeding 50% included Longview Tea Company, Quadrant Televentures, DCM Shriram Industries, Jai Corp, Industrial Investment Trust, Easy Trip Planners, Siemens, Triveni Glass, and Tata Motors Passenger Vehicles.

Widely tracked stocks also faced pressure, with declines between 10% and 45% affecting Reliance Communications, Punjab & Sind Bank, Oracle Financial Services Software, REC, Tata Technologies, Indian Energy Exchange, Adani Total Gas, Zee Entertainment Enterprises, ITC Hotels, Info Edge, Reliance Power, ITC, Power Grid Corporation of India, IndusInd Bank, Infosys, Wipro, and Adani Enterprises.

Standout Winners and Multibaggers

Despite the overall negative tilt, LIC's portfolio produced notable winners, with 77 stocks outperforming the Nifty's approximately 10% return. The portfolio's multibagger performers were Kothari Industrial Corporation with 160% gains and Soma Papers & Industries delivering 119% returns.

Top Performers	Returns
Kothari Industrial Corporation	160%
Soma Papers & Industries	119%
Poonawalla Fincorp	Up to 97%
UPL	Over 50%
Ashok Leyland	Over 50%
Shriram Finance	Over 50%

Other strong performers delivering over 50% returns included Laurus Labs, Navin Fluorine International, Tourism Finance Corporation of India, RBL Bank, Aditya Birla Capital, and Hindustan Copper. Well-known stocks such as BSE, Bajaj Finance, Hindalco Industries, National Aluminium Company, Hindustan Zinc, Bharat Electronics, Hero MotoCorp, Vedanta, Bharti Airtel, and Tata Consumer Products also outperformed benchmark indices.

LIC's Financial Performance

Despite decent earnings growth, LIC's shares declined nearly 6% in 2025. The company reported strong financial results with consolidated net profit rising 31% to ₹10,098.00 crore in the quarter ending September 2025, while revenue increased 5% to ₹242,569.00 crore.

Financial Metric	Q2 FY25 Performance
Net Profit Growth	+31% to ₹10,098.00 cr
Revenue Growth	+5% to ₹242,569.00 cr
Q1 PAT Growth	+4%
Q4 FY25 PAT Growth	+38%

Market Outlook for 2026

Market experts express optimism for the upcoming year, expecting improved earnings driven by positive government initiatives including GST rationalization, income tax rebates, and anticipated rate cuts amid benign inflation. Technical analysis suggests potential Nifty targets of 27,000 with strong support levels at 24,000 and 21,000, indicating a more favorable environment for institutional investors like LIC.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.25%	-0.13%	-3.32%	-12.17%	-4.86%	-2.56%

Life Insurance Corporation of India has announced the superannuation of four senior management personnel effective December 31, 2025, after the close of office hours. The retirement follows regulatory compliance requirements and marks significant changes in the corporation's senior leadership structure.

Senior Management Personnel Superannuating

The corporation disclosed the complete list of officials who will be superannuating from their positions:

S. No.	Name of Official	Designation
1	Shri Rajesh Ailawadi	Executive Director (Legal)
2	Smt Bichitra Mahapatra	Executive Director (Right to Information)
3	Shri Rajesh Kumar	Director, Zonal Training Centre, Gurugram
4	Shri Jaideep Chaudhuri	Principal, Zonal Training Centre, Jamshedpur

Regulatory Compliance and Disclosure

The superannuation announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. LIC has formally communicated this development to both major stock exchanges where the company's shares are listed.

Stock Exchange Communication

The notification was sent to both stock exchanges with the following details:

Exchange	Scrip Code
BSE Limited	543526
National Stock Exchange of India Ltd	LICI

Official Documentation Process

Company Secretary & Compliance Officer Anshul Kumar Singh digitally signed the official communication on December 31, 2025. The intimation has been made available on the corporation's official website at www.licindia.in , ensuring transparent communication with all stakeholders including policyholders, investors, and regulatory authorities.

The superannuation of these senior management personnel represents a significant transition in LIC's organizational structure, particularly affecting the legal, information transparency, and training functions of India's largest life insurance company.