Mumbai: The nation’s largest insurance coverage firm is Life Insurance coverage Company. It’s a Authorities of India firm. The federal government introduced its IPO (LIC IPO) in Might 2022. At the moment, the federal government had mounted the worth band of a share of Rs 10 from Rs 902 to Rs 949. Its value was mounted on the higher value band i.e. Rs 949. However when it was listed on BSE on 17 Might 2022, it was at a lack of 8.62 p.c. There it was listed at Rs 867.20 whereas on NSE at Rs 872. Its inventory touched a low of Rs 530.20 on 29 March 2023. After 16 months, right this moment this inventory greater than doubled and closed at Rs 1108.
109 p.c rise in 16 months
LIC’s share was at Rs 530 on March 29. Right now it’s at Rs 1108. That means that in simply 16 months it has given traders a return of greater than 109 p.c. That’s, those that would have invested one lakh rupees on this inventory on March 29, that quantity has change into greater than two lakh rupees right this moment.
78 p.c return in a yr
Its inventory has seen a bumper 78 p.c rise within the final one yr. The explanation for the rise within the inventory is believed to be the traders’ inclination in direction of authorities shares and the efficiency of the corporate. The share value of this firm was Rs 620 on July 18, 2023. Right now it closed at Rs 1108. That means a return of 78 p.c in a yr.
Efficiency has improved
LIC’s efficiency has been excellent within the final one yr. The corporate’s earnings within the monetary yr 2023-24 was Rs 8.46 lakh crore, which was Rs 7.84 lakh crore within the monetary yr 2022-23. Throughout this era, the corporate’s revenue elevated from Rs 35,997 crore to Rs 40,885 crore. Speaking about different shares of the insurance coverage sector, HDFC Life Insurance coverage has given a adverse return of about two p.c. Within the final one yr, the share value of HDFC Group’s life insurance coverage firm has come down from Rs 656 to Rs 645. SBI Life Insurance coverage has given a return of about 24 p.c within the final one yr. Its share value is Rs 1628, which was Rs 1,314 on July 18, 2023. ICICI Prudential Life Insurance coverage shares have given a return of 12 p.c within the final one yr. Its share value was Rs 642 on July 18, 2024 as towards Rs 574 on July 18, 2023.