🤖 How LIC Minted Rs 21,000 Crore in Mark-to-market
Published by OOPSONLINE.IN · Source: The Economic Times · 1 min read · · Updated
What actually happened
LIC gained over Rs 21,000 crore from three top software exporters. This paper profit materialized within thirty-five days after a contrarian investment strategy. The insurer accumulated shares of Infosys, TCS, and HCL Technologies during the June quarter. This move reversed earlier investor pessimism surrounding artificial intelligence disruption fears. The IT sector has since rallied, reversing earlier sector pessimism.
Key points
- LIC gained over Rs 21,000 crore from three top software exporters.
- This paper profit materialized within thirty-five days after a contrarian investment strategy.
- The insurer accumulated shares of Infosys, TCS, and HCL Technologies during the June quarter.
- This move reversed earlier investor pessimism surrounding artificial intelligence disruption fears.
Summary based on data provided by The Economic Times. Full article available at the original publisher.
- #ai
- #minted
- #crore