Life Insurance Corporation of India (LIC), the country’s largest domestic institutional investor, has increased its stake in the public sector railway stock Container Corporation of India (CONCOR). Between September 2024 and January 21, 2025, LIC’s shareholding rose by 2.028%, bringing its stake from 7.78% to 9.809%. This translates to an increase from 4.74 crore shares to 5.97 crore shares, with nearly 40 lakh shares acquired in January alone. LIC made these purchases via open market transactions, signaling its confidence in CONCOR’s long-term prospects despite the stock’s recent struggles. As of its last close at ₹755.45 per share on the BSE, LIC’s stake in the company is valued at approximately ₹4,515 crore. The stock, however, has had a rough ride, declining 15% over the past year. It’s also down 3% in the past month, 12% over the last three months, and a steep 26% in the past six months. CONCOR has announced that its board will meet on January 30, 2025, to discuss the December quarter results and consider declaring a third interim dividend for FY25. This upcoming announcement could be a potential catalyst for the stock’s performance in the near term. LIC’s increased stake amid the downturn highlights its faith in the company’s resilience, perhaps anticipating a turnaround fueled by earnings, dividends, or strategic developments in the railway sector.