3 Penny Stocks Held by LIC

#1 Easy Trip Planners

First on our list is Easy Trip Planners.

Easy Trip Planners, operator of EaseMyTrip.com, a leading Indian online travel agency founded in 2008, headquartered in New Delhi.

It offers comprehensive travel services, including flights, hotels, holiday packages, and rail/bus tickets, notably operating on a no convenience fee model to attract customers.

LIC currently holds a 2.3% stake in the company valued at Rs 797 m as per data from Trendlyne.

On the financial front, in Q3 FY26 revenues of Easy Trip Planners increased to Rs 1,517 m vs Rs 1,506 m YoY. The net profits of the company were placed at Rs 31 m vs Rs 340 m YoY.

EaseMyTrip's international operations remained a key growth driver during the quarter. Dubai continued to be one of the company's strongest-performing international markets, contributing meaningfully to overall growth.

In Q3 FY26, Dubai operations recorded Gross Booking Revenue (GBR) of Rs 3,976 m, compared with Rs 1705 m in the corresponding quarter last year, representing a 133.2% year-on-year increase.

The company recently on 16 February 2026 announced plans to raise capital up to Rs 5,000 m as part of its ongoing strategy to scale key growth areas and reinforce its financial strength.

The proposed capital raise is to support EaseMyTrip's expansion across high-potential segments, particularly hotels and holidays, enabling investments in technology, platform enhancement, and strategic opportunities aligned with its long-term business priorities.

#2 Orient Green Power

Next on our list is the stock of Orient Green Power.

Orient Green Power Company is a leading Indian renewable energy company focused on generating power from sustainable sources.

The company plans to expand into solar and hybrid (wind + solar) projects to diversify its energy mix.

LIC currently holds a 1.31% stake in the company valued at Rs 156 m as per data from Trendlyne.

On the financial front, Orient Green Power Company reported revenues of Rs 360 m in Q3 FY26 vs Rs 345 m YoY. The company reported losses for Q3 FY26.

The quarterly numbers should be read in the right context given that the company's business is seasonal in nature, especially since it is predominantly a wind company. A significant portion of its generation happens in the first half of the fiscal year.

The second half typically has lower generation. Generation during the 3rd quarter was more or less consistent with historical patterns.

Moving ahead, the company has closed contracts for development of around 28 MW of additional Greenfield capacity, around 18 MW of solar and 10 MW of wind. Both should be commissioned by April-May of 2026.

Currently, the company operates 389 MW of capacity, comprising 382 MW of wind and 7 MW of solar. With additional capacity and repowering underway, the management is confident the growth momentum will improve and provide improved returns to its shareholders in the coming quarters.

#3 Bajaj Hindusthan Sugar

Next on our list of stocks is Bajaj Hindusthan Sugar.

The company is India's leading sugar and ethanol manufacturing company. Bajaj Hindusthan Sugar is a key entity within the Bajaj Group and is headquartered in Mumbai, Maharashtra, India.

The company operates 14 sugar plants exclusively in the northern Indian state of Uttar Pradesh (UP). These plants are strategically located in Gola Gokaran Nath, Palia Kalan, Khambharkhera (Lakhimpur Kheri district), Barkhera (Pilibhit district), Kinauni (Meerut district), Gangnauli (Saharanpur district), as well as Thanabhawan and Budhana (Muzaffarnagar district).

LIC currently holds a 3.21% stake in the company valued at Rs 661 m as per data from Trendlyne.

Coming to the financials, the company reported revenues of Rs 13,804 m vs Rs 14,758 m YoY. The company reported a net profit of Rs 147 m vs losses in the corresponding period of last year.

With the government pushing for ethanol blending in petrol, Bajaj Hindusthan has been pivoting its capacity toward ethanol to stabilise cash flows and reduce reliance on volatile sugar prices.

The recent Q3 quarterly results show a return to profitability, driven by better operational efficiency during the crushing season.

To know more check the Bajaj Hindusthan fact sheet and latest quarterly results.

Should You Consider Penny Stocks Owned by LIC?

Considering penny stocks owned by LIC can look tempting, but it needs careful thinking. Life Insurance Corporation of India objectives, time horizon, and risk tolerance are different from yours.

By the time retail investors react to public data, the opportunity - or the risk - may have already changed. Replicating any large investor's portfolio without understanding the thesis, valuation comfort, and position sizing can lead to poor outcomes.

Investors should evaluate the company's fundamentals, corporate governance, and valuations of the stock as key factors when conducting due diligence before making investment decisions.

Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. Learn more about our recommendation services here...