LIC stock:
What does the future hold?

In May this year, the shares of India’s largest life insurance company, LIC, listed at Rs 867.20 on BSE, a discount of 9 per cent against the IPO issue price (Rs 949)

LIC's Debut on D-Street

LIC stock is down over 31% from its issue price of Rs 949. It hit a 52-week high of Rs 920 on May 17, 2022, and a 52-week low of Rs 588 on October 21, 2022

LIC share down 31% from issue price

LIC reported a net profit of Rs 15,952 crore for the quarter compared with Rs 1,433 crore in the same period last year. It posted a net profit of Rs 682.90 crore in the June quarter

Multi-fold jump in
LIC's profit

ICICI Securities said that the LIC management is engaging with bank partners for increasing LIC share and leveraging other business relationships towards the same objective

LIC stock's upside potential

Efforts made by the company towards digitisation have already started yielding results. It has a 'Buy' rating on the stock with a target price of Rs 917

LIC stock's upside potential

“LIC is the most visible insurance brand and its strength is its wide distribution network spread across India,” says Piyush Nagda, Director of Private Wealth at Monarch Networth Capital Ltd

'Most visible brand'

The brokerage firm has a 'Buy' rating on the LIC stock with a target price of Rs 870.

Motilal Oswal's take
on LIC stock

Motilal Oswal believes that LIC has all the levers in place to maintain its industry-leading position in the highly profitable product segments - Protection, Non-PAR Savings, Annuity

Motilal Oswal's take
on LIC stock

LIC is the single-largest shareholder of both BSE and NSE with a stake of 5.6% and 10.7%, respectively, as per data from the Securities and Exchange Board of India (SEBI)

BSE, NSE shareholder

With a market capitalisation of more than Rs 4 lakh crore, the shares were trading 0.03% higher at Rs 651.3 at 10:50 hours on BSE on December 5, 2022

LIC's current share price

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