A spectacular rally was seen today in the shares of LIC, the country’s largest insurance company. The company’s stock fell by about 5 percent during trading. Last Thursday, the company announced its quarterly results, in which it made a profit of 23 percent, after which LIC shares rose as soon as the market opened today.
Shares of Life Insurance Corporation of India (LIC) rose by about 5% on Friday. This happened after the state-run insurance company announced its results, its first 1:1 bonus issue and a dividend of Rs 10 per share, which led to buying advice from brokerage firms.
LIC on Thursday reported a consolidated net profit of Rs 23,467 crore for Q4FY26. This is an annual (YoY) increase of 23% compared to the profit of Rs 19,039 crore recorded in the same quarter of the last financial year. Meanwhile, the company’s net premium income rose 12% to Rs 1.65 lakh crore in the quarter, from Rs 1.48 lakh crore a year ago.
For the financial year ending March 31, 2026, LIC recorded over 5% growth in its assets under management (AUM) to Rs 57.29 lakh crore. At the same time, net profit increased by more than 19% on annual basis to Rs 57,419 crore.
Status of LIC shares
On Friday, LIC shares were trading 5% higher at Rs 839 per share on NSE. Shares of the government insurance company have fallen by 2% in the last one month, by 6% so far in 2026 and by 5% in the last one year. However, this stock has gained 39% in the last three years. At the end of the last session, the market capitalization of the company was Rs 5.08 lakh crore.
Also read- Dollar came to its knees, rupee showed power to the world for the second consecutive day
Leave a Reply