LIC Stocks Purchase Existence Insurance coverage Company of India, Goal Value Rs 917: ICICI Securities

has a decision to shop for Existence Insurance coverage Company of India with a goal value of Rs 917. The present marketplace value is Rs 626.75. The Existence Insurance coverage Company of India, included in 1956, is a small cap corporate (with a marketplace capitalization of Rs 396,482.48 crores) running within the monetary products and services sector.

The important thing product/earnings segments of the Existence Insurance coverage Company of India come with the quantity transferred from the insured’s account, passion, dividends and hire, achieve/loss at the sale/repurchase of investments and different running source of revenue for the yr ended 31 March 2022.

Finance

For the quarter ended September 30, 2022, the corporate reported a consolidated overall source of revenue of Rs 223,736.35 crore, up 31.77% from the former quarter of Rs 169,790.63 crore and up 23.00% than in the similar quarter ultimate yr, when the full source of revenue used to be 181,901.85 crores. The corporate reported a internet benefit after tax of Rs 15,312.80 crore in the most recent quarter.

Promoter / FII Holdings
As of September 30, 2022, the promoters owned 96.5% of the stocks of the corporate, FII – 0.31%, DII – 0.79%.

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