Mumbai : Life Insurance Corporation of India (LIC), the country’s largest insurer, is changing its growth strategy.The June quarter performance shows a clear focus on growth, even as it impacts margins. In the first quarter of FY25, LIC reported a 24% year-on-year increase in its value of new business (VNB) to ₹1,600 crore, largely driven … Read more
Following Life Insurance Corporation’s (LIC’s) June quarter earnings on Thursday, several top brokerages came out with their views on the stock of India’s largest state-run insurer. While JM Financial and Antique Stock Broking have reiterated their buy views on the counter, Investec has maintained a ‘hold’ stance. LIC reported a consolidated net profit of Rs … Read more
Shares of India’s largest insurance provider, Life Insurance Corporation (LIC), surged 3% to a day’s high of Rs 1,159.60 on the BSE after reporting a net profit of Rs 10,544 crore for the first quarter ended June 2024. The Q1 PAT advanced 9% compared to Rs 9,635 crore reported in the same quarter last year. … Read more
The first quarter earnings season is underway and as many as 225 companies will announce their numbers on Thursday. Key results to watch out include that of LIC, Eicher Motors, RVNL, SAIL, MRF and GRSE. Apart from the above, companies like ABB India, Agri-Tech, Astral, AstraZeneca India, Biocon, Birla Corp, Container Corp, Emkay Global, HCL … Read more
Domestic markets experienced a breather on Tuesday after the recent decline, gaining over a percent, driven by strong global cues. In today’s trade, shares of LIC, RVNL, BSE, Hindalco, Tata Motors, Eicher Motors among others will be in focus due to various news developments and first quarter results. LIC, Eicher Motors, RVNL, SAIL, MRF and … Read more
Brokerage firm Investec maintained a buy rating on Hindalco, Nuvama initiated coverage on Inox Wind and Suzlon Energy with a buy rating respectively. Goldman Sachs has a neutral rating on LIC post-Q4 results.We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Investec on Hindalco Industries: Buy| Target Rs … Read more
Shares of two PSU insurance companies – General Insurance Corporation of India and New India Assurance – rallied 14% each on Thursday to fresh peaks amid reports that the government may infuse capital into three state-owned insurers. Shares of General Insurance Corporation of India jumped 13.9% to a fresh 52-week high of Rs 466 while … Read more
Mumbai: Life Insurance Corporation of India (LIC), the country’s largest insurer, has received approval from the Reserve Bank of India (RBI) to increase its stake in HDFC Bank, the largest private lender in India. RBI has allowed LIC to acquire an additional 4.8% stake in HDFC Bank, raising its total stake to 9.99% by January … Read more
