LIC Share Price Drop: Govt Concerned as LIC Share Price Falls, Calls it 'Temporary Blip'
2 years, 9 months ago

LIC Share Price Drop: Govt Concerned as LIC Share Price Falls, Calls it 'Temporary Blip'

News 18  

New Delhi: The government on Friday said it is “concerned” about the temporary blip in LIC scrip and the insurer’s management will look into these aspects and raise shareholders’ value. The government had fixed the issue price of LIC shares at Rs 949 apiece after a successful Initial Public Offering which was over-subscribed nearly 3 times. LIC management will look into all these aspects and will raise the shareholders’ value,” DIPAM secretary Tuhin Kanta Pandey said. As per the draft papers filed with Sebi, LIC’s EV was over Rs 5.39 lakh crore at the end of September 2021.

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History of this topic

Govt eyes a 2-3% LIC stake sale in multiple small tranches to meet public shareholding norm
3 weeks ago

Govt eyes a 2-3% LIC stake sale in multiple small tranches to meet public shareholding norm

Live Mint  

New Delhi: The central government may divest 2-3% of its stake in Life Insurance Corporation in 2025-26, depending on market conditions, as part of its efforts to meet the mandated 10% public shareholding requirement by 2027, two people familiar with the matter told Mint. The stake sale may be carried out in multiple small tranches rather than a single offering …

LIC loses over ₹900 crore as IndusInd Bank share price crashes 27% to nearly 5-year low
3 weeks ago

LIC loses over ₹900 crore as IndusInd Bank share price crashes 27% to nearly 5-year low

Live Mint  

IndusInd Bank share price crash: A rout in shares of private sector lender burnt a hole in India's biggest life insurer and domestic institutional investor Life Insurance Corporation's portfolio, resulting a loss of over ₹900 crore for the insurer. IndusInd Bank's share price crashed 27% on Tuesday, March 11, to its lowest level since November 2020, after the lender flagged …

LIC stock needs APE growth more than a steep valuation discount to private peers
1 month, 3 weeks ago

LIC stock needs APE growth more than a steep valuation discount to private peers

Live Mint  

Shares of Life Insurance Corp. of India Ltd hit a fresh 52-week low on Tuesday, dropping to ₹793.25 apiece. LIC’s total annualized premium equivalent and value of new business declined 24% and 27% year-on-year to ₹9,951 crore and ₹1,926 crore in Q3, respectively. However, this strategy of garnering more premium income from these products with such tweaks seems to be …

LIC share price falls after Q3 results as brokerages downgrade stock, cut target price; Should you buy or sell?
1 month, 3 weeks ago

LIC share price falls after Q3 results as brokerages downgrade stock, cut target price; Should you buy or sell?

Live Mint  

Life Insurance Corporation of India share price traded lower amid volatility on Monday after the company reported its Q3 results. LIC’s weak Q3 results prompted certain brokerages to downgrade the stock and cut their target prices. The brokerage firm downgraded LIC shares to ‘Hold’ from ‘Buy’, and reduced the LIC stock price target to ₹860 from ₹1,300 earlier. It reiterated …

LIC raises over 2% stake in Container Corporation of India. Details here
2 months, 1 week ago

LIC raises over 2% stake in Container Corporation of India. Details here

Live Mint  

LIC shareholding: India's biggest domestic institutional investor Life Insurance Corporation of India increased its stake in public sector railway stock Container Corporation of India, the insurer informed exchanges on Wednesday, January 22. CONCOR Share Price Performance The PSU railway stock Container Corporation of India shares have performed poorly in the last one year, with the stock declining 15% during this …

LIC share price hits new 1-year low, down over 32% from record high
2 months, 2 weeks ago

LIC share price hits new 1-year low, down over 32% from record high

Live Mint  

Shares of Life Insurance Corporation, India's largest life insurer, touched a new 52-week low of ₹806 apiece on Tuesday, January 14, breaking below its previous low of ₹820 apiece. LIC maintained a dominant 64.4% market share in group business, even as its premiums fell by more than half compared to the high base of last December, JM Financial added. A …

LIC share price drops 3.5% as November premiums decline 27% YoY
3 months, 3 weeks ago

LIC share price drops 3.5% as November premiums decline 27% YoY

Live Mint  

LIC share price: The share price of Life Insurance Corporation dropped by 3.5% during Tuesday's trading session as the life insurer encountered a tough month, with its premiums for November declining by 27% compared to the previous year. Nuvama Institutional Equities highlighted the impressive performance of private life insurers, which have shown a robust year-over-year growth of 15.4% in individual …

Why is LIC share price rising for six straight sessions despite fall in other insurance stocks? EXPLAINED
4 months ago

Why is LIC share price rising for six straight sessions despite fall in other insurance stocks? EXPLAINED

Live Mint  

LIC share price: Despite selling in the insurance stocks last week, shares of the Life Insurance Corporation of India registered decent buying throughout the week. According to stock market experts, the LIC share price is rising for two reasons: the insurance regulator raises concerns over bancassurance exposure and entry in the F&O segment. This shift towards more profitable products reflects …

LIC shares rise over 5% : Issues clarification on a acquisition buzz : Better place amidst IRDAI Bancassurance concerns
4 months ago

LIC shares rise over 5% : Issues clarification on a acquisition buzz : Better place amidst IRDAI Bancassurance concerns

Live Mint  

Stock Market Today: Life Insurance Corporation of India share price gained over 5% in the morning trades on Friday. The LIC share price thereafter gained further to ₹987.50 during the intraday trades which market gains of more than 5% Clarification on the acquisition buzz Life Insurance Corporation of India issued clarification clarification that was sought from it by the stock …

Why LIC share price is ascending despite fall in SBI Life, HDFC Life, ICICI Prudential Life & other insurance stocks
4 months ago

Why LIC share price is ascending despite fall in SBI Life, HDFC Life, ICICI Prudential Life & other insurance stocks

Live Mint  

Stock market today: Insurance company shares, such as those of SBI Life Insurance Co. Ltd, HDFC Life Insurance Co. Ltd, and ICICI Prudential Life Insurance Co. Ltd, fell in Thursday's session due to the Insurance Regulatory and Development Authority of India concerns over the Bancassurance policy. HDFC Life Insurance Co. Ltd shares were down 5.95 per cent at ₹640.25 on …

LIC clarifies on ManipalCigna stake acquisition buzz; here’s what the insurer said
4 months ago

LIC clarifies on ManipalCigna stake acquisition buzz; here’s what the insurer said

Live Mint  

Stock Market Today: Public sector insurer Life Insurance Corporation of India clarified in an exchange filing on Thursday, November 28, regarding a recent news item about a potential 50% stake acquisition in ManipalCigna Health Insurance. Business daily The Economic Times today reported that Life Insurance Corporation of India is in discussions to acquire a nearly 50% stake in ManipalCigna Health …

Yes Securities adds LIC to its stocks to buy list. 3 reasons why brokerage is bullish on the life insurer
4 months ago

Yes Securities adds LIC to its stocks to buy list. 3 reasons why brokerage is bullish on the life insurer

Live Mint  

Stock to buy: Brokerage Yes Securities recently added Life Insurance Corporation of India to its “buy” list, maintaining a target price of ₹1,175 per share. Factors Behind Yes Securities' Bullish View Yes Securities outlined several reasons for including LIC in its life insurance sector portfolio, such as: Improvement in LIC's margin Although LIC's margins are currently lower than those of …

LIC shares up after it gets 3 years to meet minimum public shareholding norms
10 months, 2 weeks ago

LIC shares up after it gets 3 years to meet minimum public shareholding norms

Hindustan Times  

LIC share price today: The shares of Life Insurance Corporation of India opened at ₹934 apiece on NSE and touched an intraday high of ₹962 per share as they were up 5 per cent rise against Tuesday's close of ₹931 apiece. This comes after market regulator Securities and Exchange Board of India granted three years more years to LIC to …

LIC gets 3 more years till May 16, 2027 to meet Sebi's 10 per cent public shareholding norm
10 months, 2 weeks ago

LIC gets 3 more years till May 16, 2027 to meet Sebi's 10 per cent public shareholding norm

New Indian Express  

NEW DELHI: Life Insurance Corporation on Wednesday said markets regulator Sebi has granted an additional 3 years time till May 16, 2027 to comply with the 10 per cent public shareholding norm. "Securities and Exchange Board of India vide its letter dated May 14, 2024 has conveyed its decision, to grant additional time of 3 years to Life Insurance Corporation …

LIC share prices down 10% in 5 sessions. What's happening? Will it fall more?
1 year ago

LIC share prices down 10% in 5 sessions. What's happening? Will it fall more?

Hindustan Times  

LIC share price: Shares of Life Insurance Corporation of India were down more than 2 per cent as it announced that it had received approval from the government for a wage revision following which salaries will be raised by around 17 per cent for its over 1.1 lakh employees. LIC share price today At 11.30am, the LIC shares were at …

LIC shares surge over 6 per cent after Q3 net profit rises 49 per cent to Rs 9,444 crore
1 year, 1 month ago

LIC shares surge over 6 per cent after Q3 net profit rises 49 per cent to Rs 9,444 crore

India TV News  

Shares of Life Insurance Corporation of India rose by over 6.30 per cent to a 52-week high after the company reported a 49 per cent surge in net profit for the quarter ending December. Financial performance The public sector life insurance company reported a net profit of Rs 6,334 crore in the corresponding period of the previous year, as per …

LIC overtakes SBI to become most valued PSU as shares hit ₹900 for first time
1 year, 2 months ago

LIC overtakes SBI to become most valued PSU as shares hit ₹900 for first time

Hindustan Times  

Life Insurance Corporation of India broke a new record on the stock market today as the share price of the company touched ₹900 for the first time. The massive uptick of share prices of the insurance giant saw LIC's market capitalisation crossing ₹5.66 lakh crore. LIC becomes India's most valued state-run company With the spike in share prices, LIC has …

LIC shares may see 51% upside amid deepening market cap discount: Analysts
1 year, 4 months ago

LIC shares may see 51% upside amid deepening market cap discount: Analysts

Live Mint  

Shares of Life Insurance Corporation of India, the state-run largest life insurer, are projected to rise more than 50% from the current levels as deepening market cap discount to embedded value posits attractive valuation, analysts said. After a significant interest from investors for its ₹21,000-crore worth initial public offering, LIC shares were listed on May 17, 2022, at ₹867.20, a …

Learnings from LIC must guide PSU stake selloffs
1 year, 5 months ago

Learnings from LIC must guide PSU stake selloffs

Live Mint  

Investors who had subscribed to the Life Insurance Corporation of India initial share sale in May last year would be a disappointed lot today. Since retail investors tend to repose faith in government enterprises, and LIC especially was a fancied business for its dominance of India’s insurance sector, a high valuation may have got overlooked in the buzz over its …

LIC share price jumps 5% after Q1 net profit swells multi-fold; should you buy?
1 year, 7 months ago

LIC share price jumps 5% after Q1 net profit swells multi-fold; should you buy?

Live Mint  

Life Insurance Corporation of India share price rallied more than 5% on Friday after the state-run insurance behemoth reported a multifold jump in its net profit for the quarter ending June 2023. LIC share price gained as much as 5.42% to ₹676.95 apiece on the BSE. Brokerage firm Motilal Oswal says LIC has the levers in place to maintain its …

LIC share price down about 12% this year so far; should you buy this stock?
1 year, 10 months ago

LIC share price down about 12% this year so far; should you buy this stock?

Live Mint  

Life Insurance Corporation shares have been under pressure this year but they could be one of the best bets at this juncture as brokerage firms appear positive about the growth prospects of LIC after the impressive March quarter show of the largest life insurer in India. Brokerage firm Motilal Oswal Financial Services maintained a buy call on Life Insurance Corporation …

LIC shares climb nearly 4% after Q4 earnings
1 year, 10 months ago

LIC shares climb nearly 4% after Q4 earnings

The Hindu  

Shares of LIC on May 25 climbed nearly 4% after the company posted more than five-fold jump in consolidated net profit at ₹13,191 crore for the fourth quarter ended March 2023. However, total income during the March quarter declined to ₹2,01,022 crore from ₹2,15,487 crore in the same period a year ago, LIC said in a regulatory filing on May …

LIC Q4 net profit surges over 5-fold to ₹13,191 cr
1 year, 10 months ago

LIC Q4 net profit surges over 5-fold to ₹13,191 cr

The Hindu  

Insurance behemoth LIC on Wednesday posted a more than five-fold jump in consolidated net profit to ₹13,191 crore for the fourth quarter ended March 2023. For the entire financial year 2022-23, LIC registered a multi-fold rise in net profit to ₹35,997 crore from ₹4,125 crore in the preceding financial year. Last year, the government raised ₹20,557 crore by diluting its …

Congress vs BJP as LIC shares fall nearly 40% in first year of listing
1 year, 10 months ago

Congress vs BJP as LIC shares fall nearly 40% in first year of listing

Hindustan Times  

In the first year of trading, the shares of Life Insurance Corporation, India's leading insurer, have experienced a significant decline of approximately 40 per cent from their initial issue price. Senior Congress leader Jairam Ramesh and BJP IT-cell head Amit Malviya The Congress on Wednesday was quick to hit out at the Narendra Modi government over the fall in the …

One year of Listing: LIC share still down 40% from IPO price
1 year, 10 months ago

One year of Listing: LIC share still down 40% from IPO price

Live Mint  

It has been one year since the Life Insurance Corporation of India shares were listed on domestic stock exchanges after the completion of its ₹21,000 crore worth initial public offering, the country’s largest IPO. The shares of LIC, the country’s largest insurer, came under pressure amid multiple headwinds such as weak market conditions, changes in tax policy and the Adani-Hindenburg …

LIC gains 4%, hits over 3-month high in subdued market
2 years, 3 months ago

LIC gains 4%, hits over 3-month high in subdued market

Business Standard  

LIC gains 4%, hits over 3-month high in subdued market The government aims to appoint a private sector professional as the first chief executive of the LIC in an effort to modernise its largest insurer after a disappointing stock market debut Premium Ashishkumar Chauhan, MD and CEO of BSE, LIC Chairperson Mangalam Ramasubramanian Kumar and Tuhin Kanta Pandey, DIPAM Secretary …

LIC Shares Surge Over 7% in 5 Days; Analysts See Up To 20% Further Returns
2 years, 8 months ago

LIC Shares Surge Over 7% in 5 Days; Analysts See Up To 20% Further Returns

News 18  

LIC Share Price: Life Insurance Corporation shares surged in early trade after brokerage firm Motilal Oswal gave the insurance behemoth a ‘Buy’ rating. Motilal Oswal estimates LIC to deliver around 10 per cent CAGR in NBP during FY22-24E while the Value of New Business margin is likely to improve to 13.6 per cent on improving product mix and higher profit …

LIC fixes record date for its dividend payment. Details inside
2 years, 8 months ago

LIC fixes record date for its dividend payment. Details inside

Live Mint  

While unveiling its first earnings post listing, India's biggest insurer and largest domestic financial investor Life Insurance Corporation of India also announced a dividend of ₹1.50 per share with a face value of ₹10 each, which is subject to shareholders’ approval at its upcoming annual general meeting. “Record date for Dividend payment will be 26th August, 2022,” LIC informed in …

LIC shares: Motilal Oswal initiates coverage with ’Buy’ tag
2 years, 8 months ago

LIC shares: Motilal Oswal initiates coverage with ’Buy’ tag

Live Mint  

Life Insurance Corporation has maintained its market leadership position in the life insurance industry underpinned by its strong brand, vast distribution, and superior customer-connect despite the advent of a large number of private players. “LIC’s valuation at 0.7x FY24E EV appears reasonable considering gradual margin recovery and diversification in business mix though high sensitivity to equity market volatility remains an …

LIC Shares Rise for Third Day in a Row; What Should Investors Expect Next?
2 years, 9 months ago

LIC Shares Rise for Third Day in a Row; What Should Investors Expect Next?

News 18  

LIC Share Price Today: Life Insurance Corporation shares opened upside for the third day in a row and surged on to hit an intraday high of Rs 678.80 apiece levels, logging around 2 per cent rise on Wednesday morning from its yesterday’s close of Rs 665.20 per share. “Thesis centers on LIC’s 0.75 times price to embedded value – a …

JPMorgan turns bullish on this ’cheapest, biggest’ Indian stock
2 years, 9 months ago

JPMorgan turns bullish on this ’cheapest, biggest’ Indian stock

Live Mint  

Shares of LIC, the largest life insurer in India, is down 31% since initial public offering and analysts at JP Morgan think markets are mispricing the newly listed stock. “Our thesis centers on LIC’s 0.75x Price to Embedded Value – a measure of the market value of an insurer’s current and future policies. Private sector insurers are trading at a …

LIC drops 31%, m-cap falls ₹1.86 lakh cr a month since debut against IPO price
2 years, 9 months ago

LIC drops 31%, m-cap falls ₹1.86 lakh cr a month since debut against IPO price

Live Mint  

Despite having a strong business portfolio, a promising growth outlook, and even holding onto the leadership position in the life insurance sector, these achievements could not offset the bearish brutality of the market for the Life Insurance Corporation of India. A month later, LIC has now dropped more than 31% with market valuation wiped out by over ₹1.86 lakh crore …

LIC Share Price Will Improve As the Market Condition Stabilises: LIC chairman MR Kumar
2 years, 9 months ago

LIC Share Price Will Improve As the Market Condition Stabilises: LIC chairman MR Kumar

News 18  

The mega Rs 21,000-crore share sale of LIC took place amid challenging condition that has seen the stock lost about a quarter of its value. Pointing out the headwinds, Kumar said that since the market is down due to factors such as the war, global risk-off in financial assets, and monetary tightening the share prices have been dipping continuously. He …

LIC Shareholders: LIC Stock Rises 2% Today Ending 10-Day Losing Run; Sell or Hold Now?
2 years, 9 months ago

LIC Shareholders: LIC Stock Rises 2% Today Ending 10-Day Losing Run; Sell or Hold Now?

News 18  

LIC Shares Gain: Life Insurance Corporation shares snapped their losing streak after 10-days on Tuesday after they rose 2 per cent on the back of higher volumes. LIC share price today opened with a downside gap but soon started ascending and went on to hit intraday high of Rs 684 levels, logging more than 1 per cent rise from its …

LIC increases holding in NBFC, stake goes up to 7%
2 years, 9 months ago

LIC increases holding in NBFC, stake goes up to 7%

Live Mint  

Life Insurance Company of India or LIC has disclosed that it has increased its stake in Capri Global Capital Limited to more than 7% from 5.043% earlier through open market transactions. Shares of NBFC company Capri Global Capital Limited were up 0.63% at ₹698, giving it a market cap of around ₹12,275 crore. The rout in LIC shares has worried …

LIC share price rises today after 10 successive days of losses. Should you buy?
2 years, 9 months ago

LIC share price rises today after 10 successive days of losses. Should you buy?

Live Mint  

LIC share price: After losing for ten successive sessions, shares of Life Insurance Corporation of India were in green on Tuesday morning deals. LIC share price today opened with downside gap but soon recovered and went on to hit intraday high of ₹684 levels, logging more than 1 per cent rise from its yesterday's close price of ₹668.25 on NSE. …

At Rs 1.20 lakh crore loss, LIC second top wealth destroyer in Asia this year
2 years, 9 months ago

At Rs 1.20 lakh crore loss, LIC second top wealth destroyer in Asia this year

India TV News  

At Rs 1.20 lakh crore loss, LIC second top wealth destroyer in Asia this year LIC made its market debut at a discount of 8.11 per cent at Rs 872 per share on May 17. LIC IPO, which was India's biggest ever IPO after Paytm and Coal India, is now at the second spot in terms of loss in market …

LIC IPO among Asia’s top wealth losers this year
2 years, 9 months ago

LIC IPO among Asia’s top wealth losers this year

Live Mint  

An eye-popping $17 billion wipeout in market value has made Life Insurance Corp of India one of the biggest wealth destroyers among Asia’s initial public offerings this year. Having plunged 29% since its May 17 debut, India’s biggest ever IPO now ranks second in terms of market capitalization loss since listing, according to data compiled by Bloomberg. Almost a month …

LIC Sinks 5 Per Cent As Anchor Investor Lock-In Period Ends Today
2 years, 9 months ago

LIC Sinks 5 Per Cent As Anchor Investor Lock-In Period Ends Today

ABP News  

Amid market mayhem on Monday, shares of Life Insurance Corporation of India dropped over 5 per cent to Rs 671 on the BSE in intra-day trade. In the IPO, LIC had raised Rs 5,627 crore from anchor investors, with 71 per cent of the amount coming from domestic mutual funds. Anchor investors hold close to 1 per cent of the …

LIC Shares Fall Below Rs 700 As Anchor Lock-In Ends; Lose Rs 1.2 Lakh Cr M-Cap Since Listing
2 years, 9 months ago

LIC Shares Fall Below Rs 700 As Anchor Lock-In Ends; Lose Rs 1.2 Lakh Cr M-Cap Since Listing

News 18  

LIC Share Price on Monday: Shares of Life Insurance Corporation of India hit a fresh record low of Rs 682 on the BSE in opening deals as the 30-day lock-in period for anchor investors ends today. Arijit Malakar, head of research – Retail, Ashika Group, said: “LIC share price is under pressure as the regulatory anchor book investors lock-in period …

LIC share price falls to new low as anchor investors’ lock-in ends today
2 years, 9 months ago

LIC share price falls to new low as anchor investors’ lock-in ends today

Live Mint  

Shares of Life Insurance Corporation of India hit fresh record low of ₹682 on the BSE in opening deals as the 30-day lock-in period for anchor investors end today. In most cases, selling pressure persists over the day as anchor investors no longer are bounded to remain invested in these companies after the mandatory lock-in period. Anchor investors are high-profile …

Centre ’concerned’ about LIC share price dip; calls it temporary blip
2 years, 9 months ago

Centre ’concerned’ about LIC share price dip; calls it temporary blip

Live Mint  

The Union government on 10 June said it is 'concerned' about the temporary dip in LIC share prices. The government fixed the issue price of LIC shares at ₹949 apiece after a successful Initial Public Offering which was over-subscribed nearly 3 times. "We are very concerned about the temporary blip in LIC share price. LIC management will look into all …

LIC Share Drops to New Low Today, M-Cap Slips Near Rs 4.5 Lakh Cr; Buy, Sell or Hold?
2 years, 9 months ago

LIC Share Drops to New Low Today, M-Cap Slips Near Rs 4.5 Lakh Cr; Buy, Sell or Hold?

News 18  

LIC Share Price on Friday: Life Insurance Corporation shares hit a fresh low on Friday as the regulatory lock-in period on shares allotted ended. LIC’s market cap has fallen to Rs 4.52 lakh crore compared with Rs 6 lakh crore at the upper end of price band of Rs 949 apiece at the time of listing. As many as 99 …

LIC investors lose ₹1.43 lakh crore after listing. Is there more pain ahead?
2 years, 9 months ago

LIC investors lose ₹1.43 lakh crore after listing. Is there more pain ahead?

Live Mint  

LIC share price: After having a discounted listing on NSE and BSE on 17th May 2022, LIC shares have remained under sell-off pressure and has been making record lows on regular basis. According to stock market experts, there can be more sell-off taking place in LIC shares as one month of anchor investors' login is about to end in next …

LIC Shares Hit All-Time Low, Investors Lose Rs 1.4 Lakh Crore Since Listing; What Next?
2 years, 9 months ago

LIC Shares Hit All-Time Low, Investors Lose Rs 1.4 Lakh Crore Since Listing; What Next?

News 18  

LIC Shares: LIC slides to a new all-time low for the ninth straight day on Thursday, hitting a fresh low of Rs 731.10 apiece on BSE. The journey of LIC on Dalal Street has been a painful one for investors so far as the stock has wiped out more than Rs 1.4 lakh crore of wealth. Manoj Dalmia, founder and …

LIC Share Price Drops Further Today to New All-Time Low, What LIC Investors Must Know
2 years, 9 months ago

LIC Share Price Drops Further Today to New All-Time Low, What LIC Investors Must Know

News 18  

LIC Share Price Drops: Shares of Life Insurance Corporation of India plunged on Tuesday for the seventh straight session. The LIC share price on BSE fell 2.36 per cent or 18.35 points to Rs 759.05. Ravi Singh-vice president and head of research-ShareIndia, said: “LIC share price is witnessing heavy selling pressure due to fresh shorts and long coverings. It’s advisable …

LIC share price plunges: Check market cap of insurance behemoth
2 years, 9 months ago

LIC share price plunges: Check market cap of insurance behemoth

India Today  

Shares of Life Insurance Corporation of India plunged on Tuesday. The LIC share price on BSE fell 2.36 per cent or 18.35 points to Rs 759.05. LIC's share price fell further to around Rs 759 today as the loss mounted to Rs 190, according to data on BSE India. LIC MARKET CAP LIC has a market cap of Rs 4,80,098.95 …

LIC Share Price Drops to a New Low, M-Cap Below Rs 5 Lakh Crore; Know Why
2 years, 9 months ago

LIC Share Price Drops to a New Low, M-Cap Below Rs 5 Lakh Crore; Know Why

News 18  

LIC Share Price Today: Shares of Life Insurance Corporation of India, fell for the fifth continuous session. With today’s fall, LIC has slumped 17 per cent below its issue price of Rs 949 per share in a week. Last week, brokerage firm Emkay Global Financial Services initiated coverage on LIC with a ‘hold’ rating and a target price of Rs …

LIC announces its first dividend; Q4 profit drops 17 per cent
2 years, 10 months ago

LIC announces its first dividend; Q4 profit drops 17 per cent

India TV News  

Highlights LIC will pay a dividend of Rs 1.50 per equity share LIC posted a 17% decline in consolidated net profit to Rs 2,409 cr for Q4 This is the first-ever quarterly result of LIC after being listed on bourses earlier this month LIC Share Price, LIC Dividend Announced: Life Insurance Corporation has announced a dividend of 15 per cent, …

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