Buy Life Insurance Corporation of India, target price Rs 916: Axis Securities

India Target Experts reports

15.12.2023 - 04:39

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economictimes.indiatimes.com:

Life Insurance Corporation of India with a target price of Rs 916. The current market price of Life Insurance Corporation of India is Rs 797.5.

Life Insurance Corporation of India, incorporated in the year 1956, is a Small Cap company (having a market cap of Rs 506980.19 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 30-09-2023, the company reported a Consolidated Total Income of Rs 202394.91 Crore, up 6.75 % from last quarter Total Income of Rs 189604.30 Crore and down -9.54 % from last year same quarter Total Income of Rs 223736.35 Crore.

Company reported net profit after tax of Rs 7577.41 Crore in latest quarter.
Promoter/FII Holdings Promoters held 96.5 per cent stake in the company as of 30-Sep-2023, while FIIs owned 0.1 per cent, DIIs 0.72 per cent.

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