Hold Life Insurance Corporation of India, target price Rs 800: Emkay Global

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.
Financials

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.


Promoter/FII Holdings
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.
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