Buy Life Insurance Corporation of India, target price Rs 1270: Motilal Oswal
Life Insurance Corporation of India with a target price of Rs 1270. The current market price of Life Insurance Corporation of India is Rs 1021.4.
Life Insurance Corporation of India, incorporated in the year 1956, is a Small Cap company (having a market cap of Rs 642619.77 Crore) operating in Financial Services sector.
Life Insurance Corporation of India key Products/Revenue Segments include Amount transferred from Policyholder Account, Interest, Dividend & Rent, Profit/Loss on Sale/Redemption of Investments and Other Operating Revenue for the year ending 31-Mar-2022.
Financials For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 252965.31 Crore, up 18.06 % from last quarter Total Income of Rs 214260.14 Crore and up 25.90 % from last year same quarter Total Income of Rs 200927.81 Crore. Company reported net profit after tax of Rs 12524.17 Crore in latest quarter.
Promoter/FII Holdings Promoters held 96.5 per cent stake in the company as of 31-Mar-2024, while FIIs owned 0.13 per cent, DIIs 0.79 per cent.
(You can now subscribe to our ETMarkets WhatsApp channel)
Read more on economictimes.indiatimes.com
