Budget 2023Budget 2023


  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
  • DSP Mutual Fund

Will LIC’s stock price recover as the insurance behemoth regains market share?

LIC’s stock price jumped 6 percent on Monday, following the earnings announcement. Strong top-line growth compared to private players and not the ten-fold increase in profit was the reason for the rally

November 16, 2022 / 03:23 PM IST
Will LIC’s stock price recover as the insurance behemoth regains market share?

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Highlights: Profits soar on one-offs and accounting change Leads privates peers in top-line growth in H1 FY23 Incremental growth driven by group and non-par products Product mix improving gradually Value of new business rises, VNB margin expands  Valuation pricing in all concerns   Life Insurance Corporation of India (LIC) (CMP: Rs 657; Mcap: Rs crore)  has reported a huge profit of Rs 16,635 crore for the half year ended September (H1 FY23) as against Rs 1,437 crore in the previous corresponding period (H1 FY22). The significant jump in LIC’s...

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