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Life Insurance Corporation of India Share Price (LICI)

₹961.051.52%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Life Insurance Corporation of India share Performance

  • ₹958
    ₹986
    ₹961.05
    downward going graph

    0.32%

    Low

    Day's Volatility:2.91%

    High

    2.60%

    downward going graph
  • ₹543
    ₹1175
    ₹961.05
    downward going graph

    43.50%

    Low

    52 Weeks Volatility:65.76%

    High

    22.26%

    downward going graph
1 Month Return7.91 %
3 Month Return8.29 %
1 Year Return77.94 %
Previous Close₹975.90
Open₹980.05
Volume19.43L
Upper Circuit-
Lower Circuit-
Market Cap₹6,17,256.53Cr

Analyst Rating for Life Insurance Corporation of India stock

based on 18 analysts

BUY
64.71%
Buy
23.53%
Hold
11.76%
Sell

Based on 18 analysts offering long term price targets for Life Insurance Corporation of India. An average target of ₹1071.22

Source: S&P Global Market Intelligence

Company Information

Life Insurance Corporation of India (LICI) is the largest life insurance company in India. Established in 1956, it is a state-owned enterprise with over 2000 branches across the country.

LICI offers a range of life insurance products and services to individuals, families, and businesses. It provides term insurance, whole life insurance, endowment plans, money back plans, pension plans, and unit-linked insurance plans. The company also offers group insurance plans, health insurance plans, and annuity plans. LICI's popular brands include Jeevan Anand, Jeevan Labh, Jeevan Tarun, Jeevan Saral, and Jeevan Akshay. These are long-term savings plans that offer coverage for death, disability, and retirement. The company also offers riders such as accidental death benefit, critical illness benefit, and waiver of premium.

In addition to life insurance, LICI also provides investment and wealth management services. It offers mutual funds, portfolio management services, and equity trading services. It also provides online investment services such as e-invest, e-sip, and e-NPS.

Share Price: ₹961.05 per share as on 18 Apr, 2024 04:01 PM
Market Capitalisation: ₹6,17,256.53Cr as of today
Revenue: ₹0.00Cr as on December 2023 (Q4 23)
Net Profit: ₹8,021.48Cr as on December 2023 (Q4 23)
Listing date: 17 May, 2022
Chairperson Name: Siddhartha Mohanty
OrganisationLife Insurance Corporation of India
Headquarters
IndustryInsurance
E-voting on sharesClick here to vote

What's happening

  • img

    Today's Timeline - 18 Apr

    09:26 AM

    -

    Prabhudas Lilladher reiterates buy call on LIC with a target price of Rs 1200 per share.

    10:28 AM

    -

    JM Financial maintains buy rating on LIC, sees growth opportunity in non-participating book and pegs target at Rs 1222 per share.

Key events for Life Insurance Corporation of India

  • Analysts Bullish on Life Insurance Corporation of India - 18 Apr, 2024

    Prabhudas Lilladher and JM Financial maintain their buy ratings on LIC, with target prices of Rs 1200 and Rs 1222 per share respectively. The analysts see growth opportunities in the company's non-participating book, which is expected to drive VNB margins above 20% levels and provide stability to EV returns.

  • LIC Invests in HUL and Adani Group Companies - 15 Apr, 2024

    Life Insurance Corporation of India (LIC) has increased its stake in Hindustan Unilever Limited and witnessed a 59% increase in value of investments in Adani Group stocks.

  • LIC Share Price Could Reach Rs 1,400 in a Year or Two - 13 Apr, 2024

    Support for LIC stock is at Rs 900 and the next important support is at Rs 840. A decisive break above Rs 1,200 could lead to a target of Rs 1,400. Investors can hold with a stop-loss at Rs 830 and revise it upwards as the price increases.

  • LIC Stock Up 17%, Announces Senior Management Changes - 10 Apr, 2024

    Life Insurance Corporation of India's stock has risen by 17% over the past three months, with exceptional net income growth of 46% over five years. The company also announced changes in its senior management personnel.

  • LIC Offices to Remain Open for Tax Saving Exercise - 29 Mar, 2024

    Life Insurance Corporation of India (LIC) will keep its offices open on March 30 and March 31 to facilitate taxpayers in completing their tax-saving exercise before the closing of the fiscal year. This follows the announcement by banks that their branches will remain open on Saturday and Sunday as directed by RBI earlier this month.

  • LIC Receives Demand Notice for Underpayment of GST - 28 Mar, 2024

    Life Insurance Corporation of India (LIC) has received a demand notice of Rs 178 crore from tax authorities for the underpayment of Goods and Services Tax (GST) spanning two fiscal years. LIC has lodged appeals with tax authorities in Ahmedabad and Bangalore regarding specific GST demands. Additionally, IRDAI has designated LIC, GIC, and New India Assurance as Domestic Systemically Important Insurers (D-Slls), subjecting them to enhanced regulatory supervision.

  • LIC Identified as D-SII; Emerges as Strongest Global Insurance Brand - 27 Mar, 2024

    Life Insurance Corporation of India has been identified as a Domestic Systemically Important Insurer (D-SII) for FY2023-24, while also emerging as the strongest global insurance brand with a brand value of USD 9.8 billion. However, tax authorities have slapped a demand notice of about Rs 39.39 lakh on LIC for short payment of GST in 2017-18.

  • LIC Shares Rally as Brand Value Remains Steady - 26 Mar, 2024

    Life Insurance Corporation of India (LIC) has maintained its position as India's strongest insurance brand with a steady brand value of $9.8 billion, highest premium collection, and an all-time high share price. Technical analysts predict that LIC's shares could reach up to ₹1,300.

  • Postal Life Insurance Scheme Outpaces Industry Growth - 24 Mar, 2024

    The Postal Life Insurance scheme has grown at 14.5% YoY, outpacing the rest of the industry. Private life insurance sector grew by 14%, while LIC's premium base contracted by 8% in FY24.

  • LIC Increases Stake in LTIMindtree - 22 Mar, 2024

    Life Insurance Corporation of India has increased its stake in LTIMindtree from 4.99% to 5.03%, holding 14,906,665 equity shares.

  • LIC Takes Measures After Front-Running Case; Increases Stake in LTIMindtree - 21 Mar, 2024

    Life Insurance Corporation of India (LIC) has taken steps to improve its controlling mechanism following the Sebi ban on five entities, including one of its employees, in a front-running trades case. Additionally, LIC increased its stake in LTIMindtree from 4.99% to 5.03%.

  • SEBI Bans Entities Involved in Front-Running Trades with LIC - 20 Mar, 2024

    Life Insurance Corporation of India (LIC) faces scrutiny after Securities and Exchange Board of India (SEBI) confirmed a securities market ban on five entities, including an LIC employee, in a front-running case. The company implemented controlling mechanisms and took appropriate action against the concerned official following due administrative procedure. LIC assures that it will continue to strengthen corporate governance measures.

Fundamentals of Life Insurance Corporation of India

Insights on Life Insurance Corporation of India

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 2.44% to 2.49% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 0.06% to 0.15% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 6 months, LICI stock has moved up by 53.3%

  • imgPOSITIVE IMPACT

    Best in 1 Year

    img

    In the last 1 year, LICI has outperformed top 5 stocks with highest market-cap in Life & Health Insurance

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 8.03K Cr → 9.46K Cr (in ₹), with an average increase of 15.2% per quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 3 quarters, 1.90L Cr → 2.14L Cr (in ₹), with an average increase of 5.8% per quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 96.50% of holdings in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 0.79% to 0.68% in Mar 2024 quarter

Life Insurance Corporation of India Valuation

Life Insurance Corporation of India in the last 5 years

  • Overview

  • Trends

Lowest (8.65x)

July 13, 2023

Today (15.31x)

April 16, 2024

Industry (23.68x)

April 16, 2024

Highest (134.41x)

May 18, 2022

LowHigh

Mutual Fund Holdings

Funds Holdings
ICICI Prudential Value Discovery Fund Direct Plan GrowthICICI Prudential Value Discovery Fund Direct Plan Growth0.76%
Quant ELSS Tax Saver Growth Option Direct PlanQuant ELSS Tax Saver Growth Option Direct Plan3.44%
SBI Contra Fund Direct GrowthSBI Contra Fund Direct Growth1.06%
SBI Balanced Advantage Fund Direct GrowthSBI Balanced Advantage Fund Direct Growth0.77%
Quant Active Fund Growth Option Direct PlanQuant Active Fund Growth Option Direct Plan2.36%

Shareholding Pattern

InvestorsHoldings %Prev. 1 periods3M change
Promoter Holdings
96.5%
0.00
Foreign Institutions
0.14%
0.00
Mutual Funds
0.68%
0.00
Retail Investors
2.49%
0.00
Others
0.18%
0.00

Technicals of Life Insurance Corporation of India share

News & Events of Life Insurance Corporation of India

Frequently Asked Questions

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  • Link your Demat account to your Trading account.
  • Fund your Trading account.
  • Place an order to buy Life Insurance Corporation of India shares.

Life Insurance Corporation of India (LICI) share price today is ₹961.05

Life Insurance Corporation of India is listed on NSE

Life Insurance Corporation of India is listed on BSE

  • Today’s highest price of Life Insurance Corporation of India is ₹986.
  • Today’s lowest price of Life Insurance Corporation of India is ₹958.

PE Ratio of Life Insurance Corporation of India is 15.31

PE ratio = Life Insurance Corporation of India Market price per share / Life Insurance Corporation of India Earnings per share

Today’s traded volume of Life Insurance Corporation of India(LICI) is 19.43L.

Today’s market capitalisation of Life Insurance Corporation of India(LICI) is ₹617256.53Cr.

Life Insurance Corporation of India(LICIPrice
52 Week High
₹1175
52 Week Low
₹543

Life Insurance Corporation of India(LICI) share price is ₹961.05. It is down -18.21% from its 52 Week High price of ₹1175

Life Insurance Corporation of India(LICI) share price is ₹961.05. It is up 76.99% from its 52 Week Low price of ₹543

Life Insurance Corporation of India(LICIReturns
1 Day Returns
-14.85%
1 Month Returns
7.91%
3 Month Returns
8.29%
1 Year Returns
77.94%