Stating that the outlook for the sector looks strong ahead, domestic brokerage firm Motilal Oswal has picked LIC, HDFC Life, SBI Life, ICICI Prudential Life and Max Financial Services as its top choices with an upside potential of up to 25%. The life insurance sector has experienced a series of regulatory and taxation changes (ULIP … Read more
Retail investors willing to hold General Insurance Corporation (GIC) for at least three years could buy the shares in the ₹4,701-crore offer for sale (OFS) – a route through which promoters sell their stakes – on Thursday. Analysts said investors looking for immediate gains could wait for a breakout before buying the shares. The two-day … Read more
Mumbai: The revised rules on eligibility criteria for stocks to be part of futures and options could result in the inclusion of 64 to 80 stocks and the exclusion of 18 to 23 from the segment, said analysts. Jio Financial and Zomato are strong contenders for being part of the equity derivatives segment, according to … Read more
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
Mumbai: A particular kind of sovereign debt trade is set to receive a shot in the arm with the entry of the Life Insurance Corporation of India, signalling a new era of durable long-term government bond demand, running into trillions of rupees, from the insurance industry. The country’s largest insurer – which has a total … 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 domestic market reversed its earlier gains and closed in red on Thursday as the RBI’s decision to hold its current policy with a caution. In today’s trade, shares of Grasim, Info Edge, LIC, Eicher Motors, SAIL among others will be in focus due to first quarter results and various news developments. LIC Life Insurance … Read more
Life Insurance Corporation of India (LIC) will be announcing its June quarter earnings today and the country’s largest life insurer is expected to report an year-on-year jump in its annual premium equivalent (APE) by 9-33% according to estimates by a couple of brokerages. Value of its new business (VNB) is expected to go up by … 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
