New Delhi, July 2 -- Life Insurance Corporation of India (LIC) is not only India's insurance juggernaut but also a major institutional investor. For retail and even institutional investors, an increase in LIC's stake in a stock signals its long-term value and strong future potential.

According to the March quarter shareholding pattern data, LIC has significant stakes in some of India's biggest blue-chip stocks. For example, the insurance behemoth's stake in Reliance, ITC, HDFC Bank, SBI and L&T is cumulatively worth over Rs.4 lakh crore.

Based on the latest shareholding pattern data, here are the top five listed companies in which LIC holds significant stakes.

Please note that the value of LIC's shareholding in these stocks has been ca...