LIC Share (NSE: LICI) Price: In the last 4 months, the share price of the government insurance company Life Insurance Corporation suddenly increased rapidly.
In these four months the price of this share increased from Rs 600 to Rs 1066.
This means that this share has given a return of 75 percent to its investors in these four months. But the question arises that why the price of this share started increasing suddenly.
Experts and analysts say that the reason for the sudden rise of this stock is that the share price of LIC increased so rapidly due to its excellent performance in the third quarter of the current financial year.
What Does the Expert Say on the Growth of LIC Shares?
Experts and stock analysts say about the sudden increase in share price of LIC.
“There are many reasons behind the increase in this share price, like the first reason is that the company has made a net profit of 53 percent in this December. And talking about the other reason, this company also got a tax refund of Rs 20,482 crore. All these are the reasons due to which LIC shares have seen huge growth since last year.
About LIC Company
Life Insurance Corporation of India (LIC) which is owned by the Government of India. This is an insurance company which offers life insurance plans. It was founded in 1956 and its managing director is Mr. Siddharth Mohanty.
This company offers life insurance plans which include pension plan, health plan and group insurance plan.
The company also offers endowment plans such as money back plans, retirement plans, as well as group schemes, child plans and medical insurance plans.
This company has branches in many cities of India like Mumbai, Kolkata, Chennai, Hyderabad, Delhi, Kanpur, Bhopal, and Patna. And all insurance plans are given through agents.
It also has branches in many places outside India like Fiji, Mauritius, the UK, the UAE, Kuwait, Qatar, Oman, Nepal, Saudi Arabia, Sri Lanka, and Kenya. The headquarters of LIC company is in Mumbai.
Fundamental Analysis of LIC Ltd
Market Cap | ₹ 6,74,561 Cr |
Current Price | ₹ 1066.55 |
52-wk High | ₹ 1175 |
52-wk Low | ₹ 530 |
Stock P/E | 16.7 |
Book Value | ₹ 96.7 |
Dividend | 0.38 % |
ROCE | 149 % |
ROE | 130 % |
Face Value | ₹ 10.0 |
P/B Value | 11.0 |
OPM | 5.49 % |
EPS | ₹ 63.8 |
Debt | ₹ 0.00 Cr. |
Debt to Equity | 0.00 |
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LIC Share Price Target 2024 to 2030
Year | 1st Target | 2nd Target |
2024 | ₹850.26 | ₹1184.96 |
2025 | ₹1200.78 | ₹1400.57 |
2026 | ₹1470.64 | ₹1580.55 |
2027 | ₹1600.71 | ₹1710.82 |
2028 | ₹1800.56 | ₹1960.26 |
2029 | ₹2100.74 | ₹2200.46 |
2030 | ₹2300.48 | ₹2500.96 |
LIC Shareholding Pattern
Promoters Holding | |
Dec 2022 | 96.50% |
Mar 2023 | 96.50% |
June 2023 | 96.50% |
Sept 2023 | 96.50% |
Dec 2023 | 96.50% |
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FII Holding | |
Dec 2022 | 0.17% |
Mar 2023 | 0.08% |
June 2023 | 0.08% |
Sept 2023 | 0.10% |
Dec 2023 | 0.06% |
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DII Holding | |
Dec 2022 | 0.92% |
Mar 2023 | 0.91% |
June 2023 | 0.82% |
Sept 2023 | 0.83% |
Dec 2023 | 1.00% |
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Public Holding | |
Dec 2022 | 2.41% |
Mar 2023 | 2.53% |
June 2023 | 2.59% |
Sept 2023 | 2.54% |
Dec 2023 | 2.45% |
LIC Ltd Share Last 5 Years’ Financial Conditions
Last 5 Years Sales:
2019 | ₹ 559,987 Cr |
2020 | ₹ 615,921 Cr |
2021 | ₹ 681,607 Cr |
2022 | ₹ 720,516 Cr |
2023 | ₹ 805,048 Cr |
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Last 5 Years Net Profit:
2019 | ₹ 2,687 Cr |
2020 | ₹ 2,714 Cr |
2021 | ₹ 2,905 Cr |
2022 | ₹ 4,047 Cr |
2023 | ₹ 40,346 Cr |
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Last 5 Years Debt to Equity Ratio:
2019 | 0 |
2020 | 0 |
2021 | 0 |
2022 | 0 |
2023 | 0 |
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Last 10 Years Profit Growth:
10 Years: | – |
5 Years: | 73% |
3 Years: | 137% |
Current Year: | 58% |
Last 10 Years Return on Equity:
10 Years: | — |
5 Years: | 119% |
3 Years: | 109% |
Last Year: | 131% |
Sales Growth Over 10 Years:
10 Years: | – |
5 Years: | 9% |
3 Years: | 9% |
Current Year: | 3% |
Conclusion
In this article, you have been given complete information about the share of Life Insurance Corporation of India LIC Share.
All this information and forecasts given have been given considering our analysis, research, company fundamentals and history, and experiences.
We have also told you above about the future prediction of this share, the share price target and how much profit this share can make in the coming time.
We all hope that the information given above will help you in your future investments.
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