Shares of two PSU insurance companies – General Insurance Corporation of India and New India Assurance – rallied 14% each on Thursday to fresh peaks amid reports that the government may infuse capital into three state-owned insurers. Shares of General Insurance Corporation of India jumped 13.9% to a fresh 52-week high of Rs 466 while … Read more
Following a 14% downside seen in seven trading sessions after Q3 disappointment, shares of HDFC Bank on Monday jumped up to 2% to the day’s high of Rs 1,462.85 after investors took comfort in RBI’s approval to LIC to increase stake in India’s largest private sector lender to 10%. While the state-run insurance company may … Read more
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
I’m a 37-year-old married person residing in Mumbai. I have bought an LIC endowment plan, Jeevan Saral, where I pay Rs 17,000 every month. As per the policy, I need to pay Rs 17,000/month (Rs 2 lakh/year) only for 15 years & then I will be paid Rs 2 lakh per year till 100 years … Read more
I am a 37-year-old professional. I started my MF investments 4 years ago. Currently, my portfolio has Rs 3,000 in the UTI Nifty 50 Index fund and 2K in the Mirae Asset emerging blue chip fund. The goal is wealth creation in another 7 years. Other than this I have been investing Rs 17,000 per … 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
Notwithstanding the 10% upside seen in shares of Life Insurance Corporation of India (LIC) last week, broking firm Emkay Global has increased its target price on the PSU insurance stock to Rs 850 from Rs 760 earlier. “Even after the recent upmove in LIC shares, we maintain our stance that valuation remains attractive and prices-in … Read more
Coal India. Share Price 349.35 03:59 PM | 13 Nov 2023 17.56(5.28%) Eicher Motors. Share Price 3645.40 03:59 PM | 13 Nov 2023 66.10(1.84%) Hindalco Industries. Share Price 487.50 03:58 PM | 13 Nov 2023 5.06(1.04%) Mahindra & Mahindra. Share Price 1540.25 03:59 PM | 13 Nov 2023 14.00(0.91%) Bharat Petroleum Corporation. Share Price 387.10 … Read more
As India celebrates Dhanteras today, gold investors would be sitting on near 20% returns accrued by the yellow metal since last Dhanteras. As an asset class, yellow metal has outperformed its equity market peers in Nifty and the BSE Sensex during this period. Gold’s returns are neary two-fold in comparison to Nifty and Sensex which … Read more