Public shareholding norms: LIC gets 10 more years to comply; stock zooms 7%
The insurer can comply with norms of 25% minimum public shareholding by May 2032
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Friday frenzy! PSU insurers LIC, GIC, New India Assurance rally up to 20%
Shares of GIC of India and New India Assurance touched their respective 52-week highs, while LIC shares notched the largest intraday gain since listing
LIC shares snap 3-session losing streak; here’s why
ICICI Securities has maintained a ‘BUY’ call on LIC stock with a target price of ₹917, an upside potential of 51% from the current market price.
LIC shares rise 4% as Q4 profit jumps over five-fold
The country’s largest life insurer posted 447% growth in consolidated net profit at ₹13,191 crore as compared to ₹2,409 crore in the same quarter of last year.
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 stock surges 9% as Q2 profit jumps multifold; what should investors do now?
LIC of India share price jumped 8.7% to ₹682.70 on the BSE, registering its biggest intraday gain since listing.
LIC trims 2% stake in Power Grid for ₹3,079 cr; stock tumbles
LIC stock trades 0.29% down a day after it announced its shareholding in Power Grid has diluted from 5.303% to 3.3%.
LIC hits fresh record low; falls 32% below issue price
LIC shares have eroded investors’ wealth by ₹1.9 lakh crore as m-cap fell to ₹4.1 lakh crore as compared to the valuation of around ₹6 lakh crore during the listing.
LIC shares hit fresh low; down 24% from issue price
LIC shares have wiped out ₹1.4 lakh crore of investors’ wealth as market-cap dropped to ₹4.57 lakh crore as compared to around ₹6 lakh crore at the time of listing.
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.
