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How LIC minted Rs 21,000 crore in mark-to-market gains by betting against AI panic in 3 top IT stocks

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.

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Economic TimesLean R·2h ago
How LIC minted Rs 21,000 crore in mark-to-market gains by betting against AI panic in 3 top IT stocks
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.
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How LIC minted Rs 21,000 crore in mark-to-market gains by betting against AI panic in 3 top IT stocks

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How LIC minted Rs 21,000 crore in mark-to-market gains by betting against AI panic in 3 top IT stocks

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