LIC Share Price Rises: Highlights from the Recent Market Performance

Life Insurance Corporation of India (LIC), owned by the Government of India, stands as the largest life insurance company in the country with a legacy spanning over 65 years. LIC’s performance in the stock market has garnered attention recently, reflecting positive sentiment among investors.

LIC Share Price Movement on December 2, 2024

On Monday, December 2, 2024, LIC’s share price advanced by 0.76%, reaching an intraday high of ₹999.95 on the NSE. The trading day began with the stock priced at ₹985, while it touched an intraday low of ₹974.35.

Interestingly, LIC’s share price has been on an upward trajectory for seven consecutive sessions.

Weekly Performance and Key Trends

Last week, LIC’s share price surged by 10.80%, marking its best weekly gains since February 2024. 

Shareholding Patterns and Financial Highlights

• Promoter Holding: The President of India holds a commanding 96.50% stake, as per the September 2024 quarter.
• Institutional Holdings: FIIs and DIIs collectively own 1.32%, while public shareholding stands at 2.17%, a drop from the June 2024 quarter.

From a financial standpoint, LIC boasts:

• A CAGR profit growth of 73.2% over the last five years.
• A return on equity (ROE) of 79.2%, highlighting strong profitability.
• Trading at a P/E ratio of 15.2 with a dividend yield of 1.02%.

On a YTD basis, LIC’s share price has delivered 19.27% returns, reinforcing its ability to generate consistent value for investors in 2024.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.