Lic of india share price today

LIC New Jeevan Anand: Life Insurance Corporation of India (LIC) is nation's largest insurance company and constantly introduces various schemes catering to different segments of the population. These schemes enable individuals to plan for important milestones in life, such as their children's education, marriage, and retirement. Today, we bring you detailed information about one of LIC's most popular schemes: LIC New Jeevan Anand Policy. LIC New Jeevan Anand Policy is a participating whole life endowment plan that offers the combined benefits of savings and protection. It is an upgraded version of the renowned LIC Jeevan Anand Policy. One of the key highlights of this policy is its potential for substantial long-term returns. By investing in this policy, you not only enjoy guaranteed returns but also receive additional benefits. Moreover, you have the flexibility to choose regular premium payments. In the event of the policyholder's survival till the end of the policy term, they receive the maturity amount, while in case of unfortunate demise, the nominee receives the death benefit. What makes this policy truly exceptional is the option to avail policy cover for up to 100 years. 1. Maturity Benefit: As a policyholder, you receive the sum assured on maturity if you survive till the end of the policy term. 2. Death Benefit: In the unfortunate event of the policyholder's death, the family receives a predetermined amount to support them financially. 3. Share in Profits: By inv...

STOCK SUMMARY • Face Value (₹) 10.00 • Beta 0.75 • 52-Week Low (₹) 530.05 • 52-Week High (₹) 754.25 • Price-to-Book (X)* 8.16 • Dividend Yield (%) 0.50 • Price-to-Earnings (P/E) (X)* 10.48 • Earnings Per Share (₹) 56.91 • Sector Price Earning (X)* 13.36 • Market Cap (₹ Cr.)* 3,77,222.86 • * Vaues as of last close price Life Insurance Corporation of India, incorporated in the year 1956, has its registered office in Yogakshema, Jeevan Bima Road Nariman Point, Mumbai, Maharashtra, 400021, 91-22-6659 8732. The main industry in which Life Insurance Corporation of India operates is Finance & Investments. Auditor/Auditors for Life Insurance Corporation of India is/are Batliboi & Purohit. In the main management, Siddhartha Mohanty is chairman and Pawan Agrawal is the company secretary for Life Insurance Corporation of India. • SM Siddhartha Mohanty Chairperson & Managing Direct • MI MINI IPE Managing Director • RS Ranjan Sharma Independent Director • ACD Anjuly Chib Duggal Independent Director • RK Raj Kamal Independent Director • VSP V S Parthasarathy Independent Director • MPVK M P Vijay Kumar Independent Director • SN Sanjeev Nautiyal Independent Director • PA Pawan Agrawal Company Sec. & Compli. Officer • VKV Vinod Kumar Verma Independent Director • AK Anil Kumar Independent Director • GM Gurumoorthy Mahalingam Independent Director • PJ Pankaj Jain Nominee (PNB) • TP Tablesh Pandey. Managing Director

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...

Foreign brokerage CLSA said while investors are excited over prospects of rate cuts translating into lower cost of funds for NBFCs, the reality is not so sweet. In its latest note on NBFCs, CLSA said less than 50 per cent of borrowings for most large NBFCs are at floating rates, the transmission of which happens with a lag of 1-12 months. Besides, 20 per cent of NBFCs’ NCDs are maturing in FY24 in FY25 each – these NCDs bear coupon rates much below current levels, implying a refinancing hit. Also, the incremental cost of NCDs is unlikely to come off with repo rate cuts, as bond yields are already factoring in repo rate cuts, CLSA said. The winner in a rate-cut environment would be SBI Card while the most negatively impacted NBFC in a rate-cut cycle would be LIC Housing, it said. To recall, RBI hiked the repo rate by 250 basis points (bps) in the current rate hike cycle to 6.5 per cent. The 10-year GSec yield increased about 150 bps from the lows last year but moderated 30-40 bps in the past 3-4 months. T-Bill rates are up 250-30 bps from the lows while banks have increased MCLR by 150-170 bps since then. CLSA noted that smaller NBFCs typically rely on bank borrowings for funding, as they are unable to access debt capital markets, due to lack of a strong credit rating. But as companies grow and achieve strong credit ratings, they typically diversify into capital market borrowings as those are usually cheaper than bank borrowings. CLSA noted that the share of floating ra...

Synopsis Life Insurance Corp (LIC) has raised its stake in Indian IT services firm Tech Mahindra to 8.8% from 6.8%, having added 1.96 crore shares through open market transactions. LIC saw its income from investments increase slightly to INR67,846 crore ($10.5bn) for the January-March period. Tech Mahindra shares ended 0.85% higher at INR1,095 on the NSE on 28 June, and the company has an average target of INR1,086.09, just under the current price, according to Trendlyne. "The corporation’s shareholding in Tech Mahindra has increased from 6,69,25,392 to 8,65,58,538 equity shares, raising its stake from 6.869% to 8.884% of the paid-up capital of the said company," LIC said in a filing. LIC has picked up additional shares through open market transactions. Its income from investments rose marginally to Rs 67,846 crore for the January-March period versus Rs 67498 crore in the same period last year. The insurance giant's assets under management (AUM) increased to Rs 43.97 lakh crore as of March 31 as compared to Rs 40.85 lakh crore a year ago, registering 7.65% growth. Among public shareholders, mutual funds own a combined 13% stake in the IT major, while foreign investors have about 27%. During the March quarter, Tech Mahindra reported a consolidated net profit of Rs 1,118 crore, down 26% over a year ago. Its revenue from operations during the reporting quarter rose 13% year-on-year to Rs 13,718 crore. On Wednesday, Tech Mahindra shares closed 0.85% higher at Rs 1,095 on NSE. ...