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After Sikka's exit, Infosys stock makes it to LIC 'buy list'

LIC bought 'a few thousand shares' on Friday when the stock dropped as much as 13%

Samie Modak & Shrimi Choudhary  |  Mumbai 

Turmoil-hit Infosys is on the “buy list” of Life Insurance Corporation of India (LIC) for this month, according to a senior official at the country’s largest insurance company. “We have a process-driven investment approach. Infosys has made it to our ‘buy list’ for this month. We will continue to buy shares of the company,” the official said. He said LIC bought “a few thousand shares” on Friday, when the stock dropped as much as 13% due to the uncertainty created by the resignation of Vishal Sikka from the post of managing ...

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First Published: Mon, August 21 2017. 01:51 IST