Emkay Global has hold call on with a target price of Rs 800. The current market price of Life Insurance Corporation of India is Rs 633.3.
Life Insurance Corporation of India, incorporated in the year 1956, is a Small Cap company (having a market cap of Rs 400530.48 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.
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 169790.63 Crore, down -20.04 % from last quarter Total Income of Rs 212344.13 Crore and up 9.46 % from last year same quarter Total Income of Rs 155115.56 Crore. Company reported net profit after tax of Rs -59.61 Crore in latest quarter.
Promoters held 96.5 per cent stake in the company as of 30-Sep-2022, while FIIs owned 0.31 per cent, DIIs 0.79 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.