LIC shares jump 5% on ₹9,544 crore Q1 profit
Net investment income surges 29.8% year-on-year to ₹90,309 crore in Q1 FY24.
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LIC stock surges after Q3 profit rises multi-fold to ₹6,334 cr
LIC’s Q3 premium income fell 15.38% on QoQ basis but rose 14.5% on YoY basis to ₹1,11,788 cr. Market share slips 2.83% to 65.38%.
LIC, HDFC Life shares tank as govt lifts tax exemption on high-value insurance policies
Finance Minister Nirmala Sitharaman reduced the tax exemption limit on high-value insurance policies.
LIC flop show continues; shares hit fresh all-time low
LIC's current market cap stands at ₹3.9 lakh crore, a huge fall from ₹6 lakh crore on its listing day, eroding investors’ wealth by around ₹2.1 lakh crore.
Top 10 most-valued firms: ATL, Bajaj Finance in & LIC out
LIC stock has fallen consistently, shedding about 30% of its value since listing. This has led to an erosion of around ₹1.74 lakh crore of value
Jittery anchor investors crucial link to LIC share price crash
Every LIC IPO subscriber holding on to its shares is making a loss of ₹280.75 per share as on June 13, 2022, which is likely to increase as more of anchor investor shares flood the market.
The Brief: More Downside In Store For LIC Stock?
The dismal market debut shows the country’s largest life insurer is yet to prove its mettle before investors.
LIC market cap drops below ₹5 lakh crore mark
Shares of LIC have tanked 18% from its issue price of ₹949.
