The shareholding pattern of the June quarter revealed another share entry into LIC’s portfolio. LIC, the country’s largest life insurance company, has placed bets on the Majhgaon dock shipbuilders making defense equipment. This shows this from the shareholding pattern of Shipbuilders of Majgaon Dock. According to the June quarter shareholding pattern available on BSE, LIC now has a 3.27% equity stake in the company. Earlier, LIC’s name was not in the shareholding pattern, that is, he had no stake in Majgaon Dock or less than 1%.
How much does the government share in Majgaon dock shipbuilders now?
LIC has a 3.27% equity stake in Majgaon Dock. At the same time, according to the shareholding pattern of the June quarter, the shareholding of the government has come down from 84.8% to 81.2%, that is, the government has reduced its shareholding by 3.6%. The government’s shareholding is still the minimum public shareholding criteria is 75% to 6.2% higher, which means that the government will still have to reduce its equity stake to 6.2%.
Talking about the rest of the shareholders, the share of mutual funds remains at 1.34%. At the same time, retail investors with investment up to ₹ 2 lakh remained 9.34%, but the number of retail shareholders increased from 6.58 lakhs to 7 lakhs. Explain that the offer for cell issue introduced by the government did not show much interest in retail investors. The share of foreign investors increased from 2.26% to 2.49%.
How is the stock market going?
The shares of the Majgaon Dock Shipbuilders listed about five years ago have increased the capital of investors with great speed. Talking about one year, its stock was at ₹ 1917.95 on 19 February 2025, which is a record low of one year. From this lower level, it jumped 96.98% in three months to ₹ 3778.00 on 29 May 2025, which is a record high level of its shares. However, the fast of its shares stopped here. It is currently 21.07% below this high level with ups and downs.
Its shares were listed on the domestic stock market on 12 October 2020. Under its ₹ 443.69 crore IPO, shares were issued to IPO investors at a price of ₹ 145. Now at this time its price is ₹ 2981.85, which is a closed price on BSE on 18 July. That is, the capital of IPO investors has increased by 1956.45% in less than five years, that is, investment in five years has increased by more than 20 times. According to the information available on the Indian, 1 of the 5 analysts covering it has rated it to buy it and 4 sold it. Its highest target price is ₹ 3858 and the lowest target price is ₹ 2100.
