What is the share price of lic

Quarterly Result (All Figures in Cr.) PARTICULARS Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Revenue From Operation 143745.92 98351.77 132104.14 111787.6 131761.11 Total Expenditure 212476.47 166921.62 200990.14 193351.4 186381.35 Other Income 71043.79 70678.15 90261.6 85404.43 68995.36 Interest 0 0 0 0 0 Depreciation 0 0 0 0 0 Profit Before Tax 2313.24 2108.3 21375.59 3840.63 14375.12 Tax -58.32 1425.41 5423.1 -2493.57 947.3 Net Profit 2371.55 682.89 15952.49 6334.2 13427.81 Adjusted EPS (Rs) 3.75 1.08 25.22 10.01 21.23 Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.) PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Revenue From Operation 2421.82 2660.6 2697.74 2889.01 3875.42 Income From Investments 37.99 43.31 35.44 22.99 201.23 Other Income 0 0 0 0 0 Expenses 0.4 0.42 0.45 0.46 0.5 Provision 0 0 11.99 4.76 9.42 Profit Before Tax 2459.41 2703.48 2720.75 2906.77 4066.72 Tax 13.01 14.99 8.04 6.21 23.6 Net Profit 2446.4 2688.5 2712.71 2900.57 4043.12 Adjusted EPS (Rs) 3.87 4.25 4.29 4.59 6.39 Balance Sheet (All Figures are in Crores.) Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sources of funds Share Capital 100 100 100 100 6325 Reserve and Surplus 526.78 554.61 622 6225 4043.05 Fair Value A/C 23.6 24.08 17.53 35.69 41.1 Borrowings 0 0 0 0 0 Policy Holders Fund 2790964.76 3054933.8 3122992.74 3722538.41 4147101.6 Funds For Appropriations 0.08 0.17 0.21 3.34 1834.43 Total Liabilities 2791615.21 3055612.66 3123732.48 3728902.44 4159345.17 Applica...

LIC shareholding in Tech Mahindra LIC informed Indian exchanges about the stake raise citing, "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 informed Indian exchanges that it has accumulated these additional shares during the period from 21st November 2022 to 6th June 2023 at an average price of ₹1050.77 per share. Tech Mahindra share price history In last one month, ₹1095 apiece levels, logging around 2 per cent rise in this time. In YTD time, Tech Mahindra share price has appreciated from around ₹1010 to ₹1095 apiece levels, delivering around 8.50 per cent rise in 2023. In last one year, Tech Mahindra shares have made 52-week high of ₹1165 apiece whereas it has made 52-week low of ₹943.70 per share. This IT stock has remained under the sell off heat after the outbreak of Russia-Ukraine war. In last one and half years, Tech Mahindra share prices have fallen from around ₹1790 to ₹1095, logging near 40 per cent dip from its pre-war levels.

“The large unrealized equity gains (59% of FY2022 EV) should also support LIC’s embedded value (EV) but make it leveraged to capital market movements," the note stated. LIC, despite ceding share to private players, has retained around 37% market share in individual APE in FY2022. Its enormous agency franchise remains the cornerstone of its success, driving 96% of individual NBP in FY2022, Kotak highlighted. Though, key risks to LIC’s business stem from competition from private players that have a more diversified product mix and sourcing. A correction in the equity market can pose a significant risk to EV because of its large equity investment book, especially in the non-participating segment, as per analysts. “Moreover, the high productivity of its agency force, coupled with the benefits of scale, drives cost leadership, while listed private peers largely depend on banks (44-65% of individual NBP) to drive their business. We remain positive about LIC’s ability to steer the product mix to the high-margin, non-par segment from the large share of the participating business," it said. LIC share price has declined over 12% since its listing last year on the exchanges on May 17, 2022. The stock, which has been an underperformer, is currently trading over ₹720 per share level. The brokerage expects LIC to deliver a VNB CAGR of 18% in FY2023-25E owing to an APE CAGR of 13% and 180 bps margin expansion. “Better economics for shareholders due to the 100% share in the non-par book a...

Shares of state-owned insurance behemoth Life Insurance Corporation (LIC) of India extended their fall for the sixth straight session on Tuesday, making a new low of Rs 751 on the NSE. After a gap down start, LIC shares hit its intraday low of Rs 751 breaching the previous low of Monday. After breaching below Rs 5 lakh market cap on Monday, LIC market capitalisation has further come down to Rs 4.78 lakh crore. In fact, LIC shares now are down over 20 per cent from the issue price of Rs 949. In an interaction with Business Today TV, Avinnash Gorakssakar, Director-Research, Profitmart Securities, said, "It is true that LIC has not delivered the kind of performance market was expecting and has disappointed retail investors. Even the dividend of Rs 1.5 per share has come far below investors' expectations. However, I believe it is too early to write off LIC". Speaking on what the future holds for LIC investors, Gorakssakar said that there is limited downside from here for LIC and while short term traders may be in for some more disappointment, the company remains a long-term story. "I don't think LIC shares will slip below Rs 700, but it will also not give handsome returns too soon unless we see a very strong rate in their persistency ratios and in their profitability ratios. I'd say that long term investors should stay invested and not get perturbed by short-term volatility. Usually for business models to pan out and for these changes in strategy to play out, it takes a lot...

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 ...

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 ...

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“The large unrealized equity gains (59% of FY2022 EV) should also support LIC’s embedded value (EV) but make it leveraged to capital market movements," the note stated. LIC, despite ceding share to private players, has retained around 37% market share in individual APE in FY2022. Its enormous agency franchise remains the cornerstone of its success, driving 96% of individual NBP in FY2022, Kotak highlighted. Though, key risks to LIC’s business stem from competition from private players that have a more diversified product mix and sourcing. A correction in the equity market can pose a significant risk to EV because of its large equity investment book, especially in the non-participating segment, as per analysts. “Moreover, the high productivity of its agency force, coupled with the benefits of scale, drives cost leadership, while listed private peers largely depend on banks (44-65% of individual NBP) to drive their business. We remain positive about LIC’s ability to steer the product mix to the high-margin, non-par segment from the large share of the participating business," it said. LIC share price has declined over 12% since its listing last year on the exchanges on May 17, 2022. The stock, which has been an underperformer, is currently trading over ₹720 per share level. The brokerage expects LIC to deliver a VNB CAGR of 18% in FY2023-25E owing to an APE CAGR of 13% and 180 bps margin expansion. “Better economics for shareholders due to the 100% share in the non-par book a...

Quarterly Result (All Figures in Cr.) PARTICULARS Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Revenue From Operation 143745.92 98351.77 132104.14 111787.6 131761.11 Total Expenditure 212476.47 166921.62 200990.14 193351.4 186381.35 Other Income 71043.79 70678.15 90261.6 85404.43 68995.36 Interest 0 0 0 0 0 Depreciation 0 0 0 0 0 Profit Before Tax 2313.24 2108.3 21375.59 3840.63 14375.12 Tax -58.32 1425.41 5423.1 -2493.57 947.3 Net Profit 2371.55 682.89 15952.49 6334.2 13427.81 Adjusted EPS (Rs) 3.75 1.08 25.22 10.01 21.23 Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.) PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Revenue From Operation 2421.82 2660.6 2697.74 2889.01 3875.42 Income From Investments 37.99 43.31 35.44 22.99 201.23 Other Income 0 0 0 0 0 Expenses 0.4 0.42 0.45 0.46 0.5 Provision 0 0 11.99 4.76 9.42 Profit Before Tax 2459.41 2703.48 2720.75 2906.77 4066.72 Tax 13.01 14.99 8.04 6.21 23.6 Net Profit 2446.4 2688.5 2712.71 2900.57 4043.12 Adjusted EPS (Rs) 3.87 4.25 4.29 4.59 6.39 Balance Sheet (All Figures are in Crores.) Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sources of funds Share Capital 100 100 100 100 6325 Reserve and Surplus 526.78 554.61 622 6225 4043.05 Fair Value A/C 23.6 24.08 17.53 35.69 41.1 Borrowings 0 0 0 0 0 Policy Holders Fund 2790964.76 3054933.8 3122992.74 3722538.41 4147101.6 Funds For Appropriations 0.08 0.17 0.21 3.34 1834.43 Total Liabilities 2791615.21 3055612.66 3123732.48 3728902.44 4159345.17 Applica...

Shares of state-owned insurance behemoth Life Insurance Corporation (LIC) of India extended their fall for the sixth straight session on Tuesday, making a new low of Rs 751 on the NSE. After a gap down start, LIC shares hit its intraday low of Rs 751 breaching the previous low of Monday. After breaching below Rs 5 lakh market cap on Monday, LIC market capitalisation has further come down to Rs 4.78 lakh crore. In fact, LIC shares now are down over 20 per cent from the issue price of Rs 949. In an interaction with Business Today TV, Avinnash Gorakssakar, Director-Research, Profitmart Securities, said, "It is true that LIC has not delivered the kind of performance market was expecting and has disappointed retail investors. Even the dividend of Rs 1.5 per share has come far below investors' expectations. However, I believe it is too early to write off LIC". Speaking on what the future holds for LIC investors, Gorakssakar said that there is limited downside from here for LIC and while short term traders may be in for some more disappointment, the company remains a long-term story. "I don't think LIC shares will slip below Rs 700, but it will also not give handsome returns too soon unless we see a very strong rate in their persistency ratios and in their profitability ratios. I'd say that long term investors should stay invested and not get perturbed by short-term volatility. Usually for business models to pan out and for these changes in strategy to play out, it takes a lot...