Shares of Life Insurance Corporation (LIC) jumped nearly 5% and hit a 52-week high of Rs 895 on Tuesday. With today’s rally, the stock of this state-run life insurer also crossed its listing price of Rs 867 for the first time. LIC shares were listed on May 17, 2022, at a discount of 8.6% to … Read more
LIC shares on Friday rallied 7.2% to hit a fresh 52-week high of Rs 820 on BSE after the Finance Ministry granted an extension to the PSU insurer for complying with 25% minimum public shareholding (MPS) norms till 2032. Sebi rules mandate all listed companies to maintain 25% public float but newly-listed companies are granted … Read more
New Delhi: The Life Insurance Corporation of India on Thursday reclaimed market capitalisation of Rs 5 lakh crore-mark after the shares of the company hit a 52-week high on the bourses. The stock jumped 5.34% to close at Rs 785.50 apiece on the BSE. On the NSE, LIC shares climbed 5.25% to settle at Rs … Read more
Life Insurance Corporation of India (LIC), part of the life insurance sector, didn’t have a good run post its listing in May 2022 but a recent breakout from an inverse head & shoulder pattern as well as its falling trendline since its IPO gives an indication that bulls could take control. The stock fell more … Read more
Sat Pal Bhanoo has been appointed as the Managing Director of Life Insurance Corp (LIC) of India with effect from the date of assumption of charge. Bhanoo is currently serving as the Additional Zonal Manager of LIC in Bhopal. “Sat pal Bhanoo, Additional Zonal Manager (In-Charge) Zonal Office, LIC of India, Bhopal, has been appointed … Read more
After Life Insurance Corporation of India (LIC) posted a standalone net profit of Rs 13,428 crore in Q4 FY23 on Wednesday, a number of top brokerages retained their bullish views on the stock. While Motilal Oswal maintained a ‘Buy’ rating on the stock, Emkay recommended a ‘Hold’. Meanwhile, Axis Capital and JM Financial also maintained … Read more
NEW DELHI: Spread across almost every nook and corner of Dalal Street, Life Insurance Corporation of India or LIC‘s portfolio is humongous with Rs 10 lakh crore riding on as many as 273 stocks. So far in the calendar year 2023, there are 12 stocks in LIC’s kitty that have delivered at least 20% return … Read more
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 … Read more
NEW DELHI: It is fair to say that the Life Insurance Corporation (LIC) of India has disappointed its investors in the first two weeks since its listing. For most of the days since it got listed on May 17, the stock price has settled in the red. It now trades down over 15 per cent … Read more