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.
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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.
LIC to consider dividend at Q4 financial results on May 30
In the previous quarter, LIC recorded ₹234.9 crore profit as compared to ₹90 lakh profit during the same quarter a year earlier. Its first-year premium was ₹8,748.55 crore.
LIC IPO to list on BSE, NSE today; key things to know
LIC shares traded at a discount of ₹16-₹19 in the grey market on Monday, indicating that the stock may have muted or soft opening on the domestic bourses.
LIC IPO: Grey market premium indicates listing gains for investors
The insurance major saw its grey market premium (GMP) rise 80% on April 28, a day after the IPO was announced.
