YES Bank was the favourite BSE500 stock, having 48.21 lakh small investors as of June 30. These were the investors, who held up to Rs 2 lakh worth YES Bank shares at the end of June quarter.
LIC said its value of new business (VNB) stood at Rs 1,302 crore compared with Rs 1,397 crore YoY. The VNB margin for the quarter came in at 13.7 per cent against 13.6 per cent YoY.
IDBI Bank (Rs 5,479 crore), Bharti Airtel (Rs 4,168 crore), State Bank of India (Rs 3,803 crore), Larsen & Toubro (Rs 3,725 crore) and Tata Consultancy Services (Rs 3,591 crore) were among stocks that LIC bought in the June quarter.
From finance startup Paytm to the nations largest insurer, investors have lost money from those IPOs in the past two years. Theyve turned to companies offering up to just $100 million in stock sales, as India hosted 92 such listings this year, the most in the world, according to data compiled by Bloomberg.