Lic of india share price nse

Earlier during the day, ahead of the results announcement, LIC's scrip closed 1.81% higher at ₹836.50 on NSE. LIC shares are down more than 15% from its IPO issue price. LIC made its stock market debut earlier this month on May 17, 2022. LIC IPO, India's largest till date, had closed with nearly 3 times subscription, predominantly lapped up by retail and institutional buyers, but foreign investor participation remained muted. The government sold over 22.13 crore shares or a 3.5% stake in LIC through the initial share sale. Its solvency ratio, a measure of an insurer's ability to meet its long-term debt obligations, rose to 1.85 from 1.76 a year earlier. LIC's 13-month persistency ratio, reflecting the number of policies being renewed. fell to 69.24% from 73.24%.

LIC dividend 2023: Board meeting today to consider payout; shares up 1.5% LIC dividend 2023: Life Insurance Corporation of India, NSE: LICI shares were up nearly 2 per cent on Monday. The counter opened at Rs 594.15 on NSE. At 11:48 AM, the stock quoted Rs 600.05, up by Rs 9.9 or 1.68 per cent. • • • • • LIC dividend 2023: The board of Life Insurance Corporation (LIC) is scheduled to meet today, May 24, to consider and approve its final dividend for FY 2022-23. Besides, the company is also slated to announce its March quarter and FY23 numbers today. "Board of Directors will consider, inter alia, the proposal for recommending final Dividend for the FY 2022-23, If any, in the meeting to be held on 24th May 2023," the state-run life insurance giant's regulatory filing said. LIC dividend history, LIC share price NSE As of May 24, LIC stock has given a negative return of 27 per cent in one year (May 24, 2022), sharply outperforming a 13 per cent rise in the index. LIC shares completed one year of its listing recently. On May 17, 2022, LIC scrip began trading on the bourses, BSE and NSE with the trading symbol LICI. Catch Zeebiz.com Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

Synopsis Life Insurance Corporation of India (LIC) has 273 listed stocks in its portfolio worth INR 10tn ($133bn). Its largest holding is Reliance Industries, but its biggest returns so far this year have come from tobacco and consumer goods company ITC, which has risen by almost 30%. Tech consultancy TCS is LIC’s third largest holding, followed by State Bank of India and ICICI Bank. Among the largest holdings that have given double-digit returns are L&T, ONGC, Tata Motors and Dr Reddy's Lab. LIC has reduced its stake in ITC but the company's valuation there has risen above INR 80,000 crore. In the case of ITC, the state-run insurer reduced its stake marginally by 2 basis points to 15.27% in the March quarter. As a result of the sharp rally, the market value of LIC's investment in ITC has now surged to cross the Rs 80,000-crore mark from Rs 62,871 crore earlier at the end of December 2022. Besides ITC, among other large bets of LIC, L&T, ONGC, Tata Motors and Dr Reddy's Lab have given double-digit returns. ITC As far as the 2023 performance is concerned, the only one stock that stands out in LIC’s portfolio is that of ITC. Having more than doubled in the last 2 years, the counter is also the best performer in Nifty and has long been a favourite of many value investors. Now trading at all-time high levels, ITC’s near 3% dividend yield has been the cherry on the top. The Kolkata-based hotels-to-cigarettes major is due to announce its March quarter numbers and dividend on May...