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HomeSTOCKSAfter 21 Months Government Share Touched IPO Price; ₹1122 And ₹1209 Share...

After 21 Months Government Share Touched IPO Price; ₹1122 And ₹1209 Share Target

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LIC IPO(NSE: LICI): There is relief news for the IPO investors of the country’s largest insurance company Life Insurance Corporation of India i.e. LIC.

The stock has crossed the level of its issue price after about 21 months of listing. The company’s shares saw an increase of over 4 percent on the 30th of January.

It touched the level of Rs 954.85 intraday. LIC’s IPO came in May 2022, when the price band of Rs 902-949 was fixed. 

With today’s spectacular rise, the market cap of the company has increased to Rs 5,91,513 crore. According to the brokerage, the share price of this company will go up to ₹1122 And ₹1209.

There Was A Loss Of More Than 8% On Listing

The listing of LIC shares took place on 17 May 2022. The share of the company was traded at a discounted price. 

LIC share was listed on the Bombay Stock Exchange (BSE) at a discount of 8.62 percent at Rs 867.20.

At that time, this stock was listed for sale at Rs 872 on the National Stock Exchange.

75% Jump In 10 Months

Even after listing, the company’s shares continued to fall. The stock had touched a low of Rs 530.20 on March 29, 2023 on BSE.

However, after this, a strong rally was seen in LIC shares. In the last 10 months, there has been a spectacular rally of about 75 percent in the insurance company’s shares.

Approval To Buy A Stake In HDFC Bank

Recently LIC got approval to buy a 9.99 percent stake in HDFC Bank. LIC owned a 5.19 percent stake up to December 2023.

It means LIC can buy 4.8 percent more of this bank. LIC has a year to purchase its stake. 

Experts in the market believe the plan to purchase an additional 4.8 percent stake in LIC comes at a time when the shares of the bank have become attractive following a dramatic decline.

The net profit of LIC decreased by 50 percent year-on-year to 7,925 crore in the second quarter of FY24. It reported a net profit of 15,952 crore during the same timeframe one year ago.

About LIC Company

Life Insurance Corporation of India (LIC) which is owned by the Government of India, is an insurance company that offers life insurance plans. It was established in 1956.

The firm primarily offers life insurance plans, including pension plans as well as health plans, and group insurance plans.

The company offers endowment plans as well as money-back plans, retirement plans with term guarantees unit plans, special plans group schemes, child plans, as well as medical insurance policies.

It has regional offices located in Mumbai, Kolkata, Chennai, Hyderabad, Delhi, Kanpur, Bhopal, and Patna. LIC provides insurance services in India through agents and associates.

It and its associates operate across Fiji, Mauritius, the UK, the UAE, Kuwait, Qatar, Oman, Nepal, Saudi Arabia, Sri Lanka, and Kenya. LIC is located with its headquarters in Mumbai.

Fundamental Analysis of LIC

Market Cap₹ 5,90,059 Cr.
Current Price₹ 933
52-wk High₹ 955
52-wk Low₹ 530
Stock P/E15.8
Book Value₹ 96.7
Dividend0.32 %
ROCE149 %
ROE130 %
Face Value₹ 10.0
P/B Value9.65
OPM4.71 %
EPS₹ 58.9
Debt₹ 0.00 Cr.
Debt to Equity0.00

LIC Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 850₹ 1100
2025₹ 1200₹ 1400
2026₹ 1470₹ 1580
2027₹ 1600₹ 1710
2028₹ 1800₹ 1960
2029₹ 2100₹ 2200
2030₹ 2300₹ 2500
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LIC Shareholding Pattern

Promoters Holding
Dec 202296.50%
Mar 202396.50%
June 202396.50%
Sept 202396.50%
Dec 202396.50%
FII Holding
Dec 20220.17%
Mar 20230.08%
June 20230.08%
Sept 20230.10%
Dec 20230.06%
DII Holding
Dec 20220.91%
Mar 20230.90%
June 20230.83%
Sept 20230.84%
Dec 20231.00%
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Public Holding
Dec 20222.42%
Mar 20232.52%
June 20232.58%
Sept 20232.55%
Dec 20232.43%

LIC Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 559,986 Cr
2020₹ 615,920 Cr
2021₹ 681,605 Cr
2022₹ 720,515 Cr
2023₹ 788,658 Cr

Last 5 Years’ Net Profit:

2019₹ 2,688 Cr
2020₹ 2,713 Cr
2021₹ 2,901 Cr
2022₹ 4,043 Cr
2023₹ 37,231 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20190
20200
20210
20220
20230

Last 10 Years’ Profit Growth:

10 Years:
5 Years:72%
3 Years:138%
Current Year:93%

Last 10 years’ Return on Equity (ROE):

10 Years:
5 Years:118%
3 Years:108%
Last Year:130%

Sales Growth Over 10 Years:

10 Years:
5 Years:8%
3 Years:8%
Current Year:2%

Conclusion

This article is a complete guide about Life Insurance Corporation of India LIC Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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If you have any further queries, please comment below. We will be happy to answer all your questions. 

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Also Read: ₹65 Share; Company Will Get 1,000 Crore Govt Emergency Credit; ₹112 Target

Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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