Bureau Mumbai, July 25 Life Insurance Corporation of India (LIC) appears to have made some value buying in the last quarter, when many blue chips lost heavily from bear hammering. The Government-owned insurance company, which is a major player in the equity market, increased its stake in the Sensex stocks during April-June quarter LIC raised its stake in 22 Sensex companies, during the June quarter, according to a study on the Sensex companies’ public shareholding of more than 1 per cent. Prunes stake However, it pruned or maintained its stake in the IT software majors during the same period; software companies’ share prices outperformed the Sensex during the last quarter. On a quarter-to-quarter basis, during the same period, the Sensex fell 14 per cent, to 13,461 on June 30 from 15,644 at March end. It reduced its stake in Infosys from 3.72 per cent to 3.62 per cent and in Satyam Computer it brought down its stake from 2.71 per cent to 2.51 per cent. In TC...