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Life Insurance Corporation of India (LIC) has increased its stake in leading IT Software company, Tech Mahindra to 8.88%, according to its BSE filing. With today's development, this is 81 basis points more than 8.07% stake it held in Tech Mahindra as on March 31. Meanwhile, LIC share and Tech Mahindra share witnessed a rally of 0.59% and 0.90%, respectively. Check details below: LIC Increases Stake In Tech Mahindra: According to the BSE filing of LIC, "Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that Corporation's shareholding in "TECH MAHINDRA LIMITED." has increased from 6,69,25,392 to 8,65,58,538 Equity Shares increasing its shareholding from 6.869% to 8.884% of the paid-up capital of the said Company. LIC Stock Performance: Last trading price of LIC share is Rs 601.25 per share with intraday jump of 0.59% on BSE. Its 52-week high price is Rs 773.70 per share and 52-week low price is Rs 530.20 per share, respectively. Its market capitalisation is Rs 3,80,290.49 crore. LIC stock jumped over 7% in last 1-month and declined 20% in last 1-year. Tech Mahindra Stock Performance: Last trading price of Tech Mahindra share is Rs 1095.65 per share with intraday jump of 0.90% on BSE. Its 52-week high price is Rs 1165.75 per share and 52-week low price is Rs 944.10 per share, respectively. Its market capitalisation is Rs 1,06,755.19 crore. Tech Mahindra share witnessed a jump of 9% YTD. In last 1-year,...

Along with a discussion of the company’s fundamentals and financials, this article will also cover the LIC share price target for the years 2022, 2023, 2024, and 2025, as well as the year 2030. It is essential for each and every investor to learn as much as possible about the company in which they are investing in order to develop the self-assurance necessary to keep the stock for the long term. Along with discussing the fundamentals of the company, we have provided you with a LIC share price prediction from 2022 to 2030 in this article. We hope this helps clear things up for you. LIC Company Overview The Life Insurance Corporation (LIC) offers a wide variety of insurance policies to meet the requirements of distinct subsets of the population both in India and in other countries. It offers individualized insurance solutions that are tailored to their specific risk profile and financial requirements, as well as support in resolving those requirements and requirements. The Life Insurance Corporation (LIC), which was first established in 1956 and is also known as the Bharatiya Jeevan Beema Nigam, is a government-owned company in India. It is an insurance company that has its headquarters in Mumbai and has 101 divisional offices in addition to 8 zone offices. In addition to traditional life insurance, LIC also offers services in the areas of mutual funds, health insurance, and investment management. The Life Insurance Corporation of India (LIC) is the largest insurance company...

Table of Contents • • • • • • • • • • • • • • LIC stands for Functions Of LIC Some of the major functions of LIC are as follows:- • Encourage saving by accepting people’s contributions in exchange for an insurance policy. • Investing in government securities. • Providing insurance plans at reasonable prices. • Offer a range of loans at affordable interest rates, including direct loans to industries, mortgage loans, and financing for numerous national initiatives. • It is a significant shareholder in a number of the blue-chip listed companies on the Indian stock market. • Additionally, it offers refinancing operations via State Finance Corporations (SFCs) in several cities and states. • It provides loans for numerous national initiatives that are crucial for economic development. • It gives financial support for initiatives that benefit society, such as electrification, sewage, water channelization, etc. Objectives Of LIC • LIC intends to raise awareness of the value of life insurance among rural citizens and those who belong to economically and socially underprivileged sectors. • It strives to meet the community’s life insurance demands, which are susceptible to change due to the transforming social and economic climate. • It seeks to operate profitably while keeping in mind that the money belongs to the policyholders. • It aims to maximize the mobility of individuals’ savings via attractive insurance-linked savings . History of LIC: In the year 1818, life insurance as we ...

India's biggest-ever IPO, state-owned insurance giant Life Insurance Corporation (LIC), listed its shares at a discount of over 8 per cent on the BSE and the NSE on Tuesday. On the BSE, LIC launched at Rs 867.20 per share, a discount of 8.62 per cent from its mega initial public offering (IPO) allotment price of Rs 949. The tepid listing has resulted in a sharp drop in the market capitalisation of the country's largest insurer. At the issue price of Rs 949, the market capitalisation of LIC stood at Rs 6,00,242 crore. At the listing price, the valuation of LIC dipped to Rs 5,57,675 crore, resulting in a loss of around Rs 42,500 crore. The insurance behemoth's shares were last trading at about Rs 883, nearly 7 per cent lower than its issue price, but a gain of about 2 per cent from its listing price, as of 14:15 Indian Standard Time (IST).The share rose to a high of Rs 920 in the morning trade. For LIC Listing: Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey on Tuesday said Mar Pandey speaking at the LIC's debut occasion at the BSE,said, "This is a momentous event. LIC IPO is in line with the Prime Minister's vision. India is one of the most important emerging markets and it will be one of the fastest-growing economies in this decade." "LIC Act was amended for the listing of IPO. Given the unprecedented size of the IPO special measures have been taken. Special drives were carried out to spread awareness for the policyholders. People ...

“The rising interest rate has impacted the value of bonds, government securities and other fixed income papers. These have been factored in while calculating the latest Indian The Embedded Value (EV) is a measure of the consolidated value of shareholders’ interest in the life insurance business. It represents the present value of shareholders’ interests in the earnings distributable from the assets allocated to the business after sufficient allowance for the aggregate risks in the business. “The Indian Embedded Value (IEV) determination exercise has been completed. The IEV report issued by Milliman Advisors LLP has been adopted by the board on July 14, 2022," Kumar added. Going forward, the IEV will be disclosed on six monthly basis, that is, at the end of March and September, every year, he said. As of September 30, 2021, the corporation’s embedded value stood at Rs 5,39,686 crore. The IEV as of September 30, 2021 was significantly higher than the IEV of March 2021 due to the bifurcation of funds that was carried out by LIC following changes in the LIC Act during the FY 2021-22, the state-run insurer said in a release. “The change in EV has to be looked at in totality. There was a market movement downwards and that impact of around Rs 40,000 crore has been captured in the calculation. However, the other factors increased such as the Value of New LIC share price has tumbled around 25 per cent from its The ROEV (Return on Embedded Value) for March 2022 came in at 11.9 per c...

Lifestyle Communities Limited, together with its subsidiaries, provides housing for its homeowners in community in Australia. The company operates 26 communities, including 19 in operation and 7 in planning or development. It serves working, semi-retired, and retired people. The company was formerly known as Namberry Limited and changed its name to Lifestyle Communities Limited in June 2007. The company was incorporated in 1997 and is based in Melbourne, Australia. Key Executives • Mr. James Kelly B. Bldg Founder, MD & Director • Mr. Darren Rowland C.A. CFO & Company Sec. • Mr. Richard Parker Head of Sales • Ms. Rita Simonetta Head of Marketing • Mr. Chris Paranthoiene Head of Devel. & Acquisition • Ms. Simône de la Harpe Head of People Experience • Mr. Nathan Braddock Head of Design & Construction • Ms. Anita Addorisio CFTP Snr CPA, FAIM, MACC, MAICD, Company Sec. More Executives Lifestyle Communities Limited (ASX:LIC) posted its earnings results on Wednesday, August, 14th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.14. Lifestyle Communities had a net margin of 38.79% and a trailing twelve-month return on equity of 19.80%. Lifestyle Communities announced a Interim dividend on Thursday, March 2nd. Investors of record on Tuesday, April 4th will be given a dividend of 0.055 per share on Tuesday, April 4th. This represents a dividend yield of 0.34%. The ex-dividend date of this dividend is Thursday...

LIC Share Target Price: Shares of Life Insurance Corporation (LIC) ended nearly one and half per cent higher to Rs 629.20 per share on the BSE on Tuesday. The counter of the insurance behemoth has been trading at 31.6% discount from its 52-week high, while the scrip is trading lower by 33.7% on its IPO price. Stock of the Insurance giant has been hitting 52-week low one after another and touched a new low of Rs 617 on 29th September recently. Meanwhile, LIC has emerged as a wealth destroyer since its tepid listing. Listed with a market capitalisation of 6 lakh crore, the insurance firm's current market cap has reduced to 3.97 lakh crore as on October 4. It implies that the investors have lost over Rs 2 lakh crore in LIC shares. During the listing, LIC was the fifth biggest company in terms of market-cap after Reliance Industries Ltd (RIL), Tata Consultancy Services (TCS), HDFC Bank, and Infosys. Even though the share has declined over 33% on its IPO prices and continues to trade with volatility, should you buy this insurance stock? LIC Share Target Price Well, brokerage house Yes Securities sees over 35% upside in the counter from current levels. Initiating a coverage on the stock, the brokerage recommended a buy rating on LIC with a target price of Rs 850 per share. Shivaji Thapliyal, Head of Research & Lead Analyst at Yes Securities listed six reasons supporting its recommendations: 1. LIC has nurtured an agency force whose productivity is far higher than that for privat...

Synopsis LIC's shares climbed almost 4% to Rs 615.6 in intra-day trading on the back of a standalone net profit of Rs 13,428 crore during the quarter ended March. This was 466% more than the same quarter last year. Despite its good performance, the insurer's net premium income fell 8% to Rs 1.31 lakh crore in the March quarter, compared with Rs 1.43 lakh crore the previous year. Income from investments rose marginally to Rs 67,846 crore for the January-March period versus Rs 67,498 crore the previous year, while the net commission rose 5% to Rs 8,428 crore. However, its net premium income fell 8% to Rs 1.31 lakh crore during the March quarter, compared with Rs 1.43 lakh crore in the corresponding quarter of the previous year. LIC's first-year premium during the reporting quarter stood at Rs 12,811 crore, down 12% from Rs 14,614 crore in the year-ago quarter. Income from investments rose marginally to Rs 67,846 crore for the January-March period versus Rs 67,498 crore in the same period last year. Net commission during the quarter rose 5% to Rs 8,428 crore. The same stood at Rs 7,996 crore in the previous year's period. For the full year, the insurer's profit declined 10% to Rs 36,397 crore as against Rs 40,431 crore reported in fiscal 2022. As per Trendlyne data, the average target price of LIC is Rs 798, which shows an upside potential of 32% from the current market prices. The consensus recommendation from 15 analysts for the stock is a Buy. Out of these analysts, 12 hav...

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...