Lic share rate

Life Insurance Corporation of India (LIC) has increased its stake in leading IT Software company, Tech Mahindra to 8.88%, according to its BSE filing. With today's development, this is 81 basis points more than 8.07% stake it held in Tech Mahindra as on March 31. Meanwhile, LIC share and Tech Mahindra share witnessed a rally of 0.59% and 0.90%, respectively. Check details below: LIC Increases Stake In Tech Mahindra: According to the BSE filing of LIC, "Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that Corporation's shareholding in "TECH MAHINDRA LIMITED." has increased from 6,69,25,392 to 8,65,58,538 Equity Shares increasing its shareholding from 6.869% to 8.884% of the paid-up capital of the said Company. LIC Stock Performance: Last trading price of LIC share is Rs 601.25 per share with intraday jump of 0.59% on BSE. Its 52-week high price is Rs 773.70 per share and 52-week low price is Rs 530.20 per share, respectively. Its market capitalisation is Rs 3,80,290.49 crore. LIC stock jumped over 7% in last 1-month and declined 20% in last 1-year. Tech Mahindra Stock Performance: Last trading price of Tech Mahindra share is Rs 1095.65 per share with intraday jump of 0.90% on BSE. Its 52-week high price is Rs 1165.75 per share and 52-week low price is Rs 944.10 per share, respectively. Its market capitalisation is Rs 1,06,755.19 crore. Tech Mahindra share witnessed a jump of 9% YTD. In last 1-year,...

Life Insurance Corporation of India (LIC) share price fell 3 per cent to Rs 810 apiece on BSE on Tuesday, after the insurance company reported a loss of 18 per cent on-year in standalone net profit at Rs 2,371.55 crore for the three months to March 2022. The board of LIC has recommended a dividend of Rs 1.50 per equity share with a face value of Rs 10 each for the year ended March 31, 2022. LIC stock has been witnessing continuous selling pressure since listing. “Investors having a long-term perspective, should continue to hold onto the stock, given the growth potential of the insurance sector in the country in the coming years and LIC in particular given its leadership position in the sector,” Aamar Deo Singh, Head Advisory, Angel One, told FinancialExpress.com. SBI to raise Rs 50,000 crore in FY24 The stock has fallen more than 15 per cent from the issue price. “We may see more down-side movement in the price ahead of the negative secondary market sentiments. Investors who have the long position can maintain a stop loss of Rs 720. New investors can follow the buy dips strategy,” Akhilesh Jat, analyst, CapitalVia Global Research told FinancialExpress.com. Earlier this month, the government raised Rs 20,557 crore by diluting its 3.5 per cent stake in the LIC through the IPO. LIC shares were listed at a discount of 8.62 per cent at Rs 867.20 apiece on

A year after the listing of Life Insurance Corporation (LIC) of India, the insurance behemoth will hold international roadshows, beginning in Hong Kong later this month. The non-deal roadshows of LIC are scheduled between June 25 and June 29, sources said, adding that the meeting will also be held in the United Kingdom (UK). These roadshows are aimed at creating awareness among global investors post-listing of LIC shares, the sources said. It has been a little over one year since LIC was listed on the stock exchanges. The non-deal roadshows will offer investors a comprehensive look at the company's story. It also aims at fostering effective communication between the executive team and investors. According to the sources, the top management of LIC will interact with global investors through a series of meetings spread over five days and highlight the strength of the company. The management will urge the investors to invest in LIC scrips as the company has huge potential, the sources said. Last year, the government raised Rs 20,557 crore by diluting its 3.5 per cent stake in the LIC through the initial public offering (IPO), the country's biggest ever. LIC shares were listed on May 17, 2022, at a discount of 8.62 per cent at Rs 867.20 apiece on BSE over the issue price of Rs 949 a share. Shares of the LIC closed at Rs 601.95, down 0.32 per cent on the BSE. The stock is now down around 40 per cent from its IPO issue price of Rs 949 per share, taking the total erosion of marke...

Life Insurance Corporation (LIC) is the largest insurance provider company in India. It has a market share of above 66.2% in new business premium. The company offers participating insurance products and non-participating products like unit-linked insurance products, saving insurance products, term insurance products, health insurance, and annuity & pension products. Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Sales + 189,073 81,726 180,905 174,270 211,326 168,071 216,355 196,958 200,179 Expenses + 185,274 152,575 181,696 171,233 209,220 236,492 285,094 193,351 186,381 Operating Profit 3,799 -70,849 -791 3,037 2,106 -68,422 -68,739 3,607 13,797 OPM % 2% -87% -0% 2% 1% -41% -32% 2% 7% Other Income + 115 72,432 5,411 392 208 70,530 90,114 234 578 Interest 0 0 0 0 0 0 0 0 0 Depreciation 0 0 0 0 0 0 0 0 0 Profit before tax 3,914 1,582 4,621 3,429 2,313 2,108 21,376 3,841 14,375 Tax % 26% 100% 69% 93% -3% 68% 25% -65% 7% Net Profit + 2,893 3 1,434 235 2,372 683 15,952 6,334 13,428 EPS in Rs 2.27 0.37 3.75 1.08 25.22 10.01 21.23 Raw PDF Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sales + 492,068 522,848 559,986 615,920 681,605 720,314 1,087,933 Expenses + 483,728 513,419 550,030 608,641 670,921 708,926 1,054,015 Operating Profit 8,339 9,429 9,957 7,280 10,684 11,387 33,918 OPM % 2% 2% 2% 1% 2% 2% 3% Other Income + 607 801 841 2,698 623 992 7,782 Interest 47 46 39 58 0 0 0 Depreciation 326 302 333 375 413 433 0 Profit before ...

Life Insurance Corporation of India (LIC) share price jumped 3.72% to Rs 615.65 today after the insurance behemoth reported a more than five-fold jump in consolidated net profit to Rs 13,191 crore for the fourth quarter ended March 2023. LIC IPO was the largest ever public issue in India with an issue size of Rs 21,000 crore. Investors had high hopes from IPO, but LIC stock’s downfall started with its debut. LIC stock listed with an 8% discount at Rs 865 on May 17, 2022. Over one year has passed since then and the stock is still down 35% from the IPO price of Rs 949 per share. Despite strong quarterly results, the pressure still remains on the stock as Finance Minister Nirmala Sitharaman in the Union Budget this February provided a higher impetus for individuals to shift to the new tax regime, which does not favour tax exemptions on investments in insurance schemes. The proposal has come as a big blow to the insurance sector and has caused investors to reconsider its growth prospects, forcing them to stay side-lined.

Synopsis Over 5.15 crore LIC shares were traded on Tuesday as against the free float of 16.24 crore shares, excluding shares allotted to anchor investors. Retail investors were allotted shares at ₹904 apiece, a discount of ₹45, or 4.7%, on the issue price. Policyholders were given the shares at ₹889, a discount of ₹60, or 6.3%, on the issue price. Over 5.15 crore LIC shares were traded on Tuesday as against the free float of 16.24 crore shares, excluding shares allotted to anchor investors. Retail investors were allotted shares at ₹904 apiece, a discount of ₹45, or 4.7%, on the issue price. Policyholders were given the shares at ₹889, a discount of ₹60, or 6.3%, on the issue price. "While LIC debuted at a slight discount to its issue price, investors should not look to exit at current levels and hold the stock from a medium- to long-term perspective," said B Gopkumar, MD, Axis Securities. "Its sustained market leadership position, robust pan-India distribution network, and shifting focus towards profitable products will make LIC an attractive pick from a long-term perspective."

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Life Insurance Corporation stock forecast: Will the insurance giant rise? – Photo: ADOKAVAK / Shutterstock.com Life Insurance Corporation of India (LIC) slipped to a fresh record low of INR617 at the end of September 2022, which marked a torrid few months as a publicly-listed company forIndia’s largest ever initial public offering. The government-owned insurer has disappointed investors, having lost as much as 29% from a listing price of INR872 since its debut in May 2022. Nevertheless, LIC remains one of the most dominant life insurance companies globally, with a market share of 64.1% in India in terms of gross written premium (GWP) as reported in 2021. In this article, we take a look at Life Insurance Corporation of India, its price action and financial performance. You will also find a LIC share price forecast for 2022 and beyond from analysts. About LIC: Market leader in life insurance sector LIC was formed in 1956 by merging 245 private insurance companies as the government moved to nationalise the life insurance industry in India. Between 1956 and 2000, LIC was the only life insurance provider in India, which helped the first-to-market player establish its dominant po...

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Life Insurance Corporation stock forecast: Will the insurance giant rise? – Photo: ADOKAVAK / Shutterstock.com Life Insurance Corporation of India (LIC) slipped to a fresh record low of INR617 at the end of September 2022, which marked a torrid few months as a publicly-listed company forIndia’s largest ever initial public offering. The government-owned insurer has disappointed investors, having lost as much as 29% from a listing price of INR872 since its debut in May 2022. Nevertheless, LIC remains one of the most dominant life insurance companies globally, with a market share of 64.1% in India in terms of gross written premium (GWP) as reported in 2021. In this article, we take a look at Life Insurance Corporation of India, its price action and financial performance. You will also find a LIC share price forecast for 2022 and beyond from analysts. About LIC: Market leader in life insurance sector LIC was formed in 1956 by merging 245 private insurance companies as the government moved to nationalise the life insurance industry in India. Between 1956 and 2000, LIC was the only life insurance provider in India, which helped the first-to-market player establish its dominant po...

Life Insurance Corporation of India (LIC) has increased its stake in leading IT Software company, Tech Mahindra to 8.88%, according to its BSE filing. With today's development, this is 81 basis points more than 8.07% stake it held in Tech Mahindra as on March 31. Meanwhile, LIC share and Tech Mahindra share witnessed a rally of 0.59% and 0.90%, respectively. Check details below: LIC Increases Stake In Tech Mahindra: According to the BSE filing of LIC, "Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that Corporation's shareholding in "TECH MAHINDRA LIMITED." has increased from 6,69,25,392 to 8,65,58,538 Equity Shares increasing its shareholding from 6.869% to 8.884% of the paid-up capital of the said Company. LIC Stock Performance: Last trading price of LIC share is Rs 601.25 per share with intraday jump of 0.59% on BSE. Its 52-week high price is Rs 773.70 per share and 52-week low price is Rs 530.20 per share, respectively. Its market capitalisation is Rs 3,80,290.49 crore. LIC stock jumped over 7% in last 1-month and declined 20% in last 1-year. Tech Mahindra Stock Performance: Last trading price of Tech Mahindra share is Rs 1095.65 per share with intraday jump of 0.90% on BSE. Its 52-week high price is Rs 1165.75 per share and 52-week low price is Rs 944.10 per share, respectively. Its market capitalisation is Rs 1,06,755.19 crore. Tech Mahindra share witnessed a jump of 9% YTD. In last 1-year,...

Life Insurance Corporation of India (LIC) share price jumped 3.72% to Rs 615.65 today after the insurance behemoth reported a more than five-fold jump in consolidated net profit to Rs 13,191 crore for the fourth quarter ended March 2023. LIC IPO was the largest ever public issue in India with an issue size of Rs 21,000 crore. Investors had high hopes from IPO, but LIC stock’s downfall started with its debut. LIC stock listed with an 8% discount at Rs 865 on May 17, 2022. Over one year has passed since then and the stock is still down 35% from the IPO price of Rs 949 per share. Despite strong quarterly results, the pressure still remains on the stock as Finance Minister Nirmala Sitharaman in the Union Budget this February provided a higher impetus for individuals to shift to the new tax regime, which does not favour tax exemptions on investments in insurance schemes. The proposal has come as a big blow to the insurance sector and has caused investors to reconsider its growth prospects, forcing them to stay side-lined.