Life Insurance Corporation of India: LIC's stock opened at Rs 667 on the first trading day of the week. LIC's net profit for the quarter ending September has increased manifold to reach Rs 15,952 crore.
LIC Share Price: After a long time, good days are expected for those investing in LIC. This rise in the stock is being seen after LIC's profit increased manifold in the quarter ended September. LIC's stock opened at Rs 667 on Monday morning, the first trading day of the week. In fact, LIC's net profit for the quarter ended September has increased manifold to Rs 15,952 crore, after which the stock is witnessing a tremendous boom.
Growth of more than eight and a half percent in a month
Earlier, the insurance company had earned a profit of Rs 1,434 crore in the same quarter of the financial year. LIC's stock has gained 8.58 percent in the last one month. However, right now the stock of this life insurance company is trading much below the listing price. Let us tell you that LIC's share was listed at Rs.872 on the National Stock Exchange. While the issue price of the company was Rs 949.
Experts bullish on the stock Experts are looking bullish
on the LIC stock. ICICI Securities has maintained a buy rating on LIC with a target price of Rs 917. At the same time, Anuj Gupta, Vice President of IIFL Securities, advises those who have this share, they are advised to hold it. Soon this stock is likely to be fixed at Rs 720.
During the trading session, LIC's stock was seen trading at Rs 665.10 with a gain of about 6 percent at around one o'clock in the afternoon. During Monday's session, the lion of LIC went to the upper level of Rs 684.90. Let us tell you that in May 2022, LIC's IPO of Rs 20,530 crore came. After that the result of the first quarter has come in September.
.jpeg)
0 टिप्पणियाँ