LIC share New update: Let us tell you that the brokerage has retained its buy rating on LIC shares and has given a target price of ₹ 830. This means that the stock can go up to this price. At present, the stock price is at Rs 682.15.
Investors betting on Life Insurance Corporation of India (LIC): IPO are still waiting for profits.The stock price is still below the issue price.Meanwhile, brokerage Motilal Oswal has given a new target price for the stock.
What is the target price
What is the target price: The brokerage has retained its buy rating on LIC shares and has given a target price of ₹830.This means that the stock can go up to this price.At present, the stock price is at Rs 682.15.From this perspective, the brokerage is expecting a profit of up to Rs 150 on the stock.
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Good June quarter results
Good June quarter results: Let us tell you that LIC has registered a manifold jump in its June quarter net profit. There has been a profit of Rs 682.9 crore as compared to Rs 2.9 crore in the year-ago period. LIC registered a 20% increase in the net premium.
The premium during the quarter came to ₹7,429 crore as against ₹5,088 crore in the year-ago period. According to the brokerage, we expect the insurance company to continue on the path of growth.
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