LIC Increases Stake in Dr. Reddy's Laboratories

Imagine a big investor, like a super-rich bank called LIC, decided to buy more shares of a company called Dr. Reddy's, which makes medicines.

Over about eight months, LIC bought more and more shares.

They started with about 6% of the company and now own over 8%.

This means they bought a lot of extra shares, over 1.67 crore, in that time.

The price of Dr. Reddy's shares went up a little bit because of this.

It's like saying a big investor believes this company will do well in the future, so they invest more money.