🌟 Life Insurance Corporation of India 🌟
📊About:
Listed on 17 th May 2022, LIC was the biggest IPO by the Issue size in India with an issue of Rs.21008.48 Cr💰. The government 🏦of India sold its 3.5% stake in the financial markets. IPO listed at discount of📉 8.62% at Rs.867.20 on BSE and 8.8%📉 discount at Rs.872 on NSE. The insurance giant has a market share of around 65%.
📊Quarterly results Highlights:
❧ LIC posted a mixed results in its recent quarterly result after listing in discount.
❧ Net profit declines📉 by 17% to Rs.2409 Cr YoY.
❧ Net premium income was at Rs.1,44,158 Cr up by📈 17.88% compared to last year's Rs.1,22,290 Cr.
❧ Board announced a dividend of Rs.1.50 per share.📈
❧ Income from the investments were almost flat at Rs.67,855 Cr compared to Rs.67684 Cr.
❧ ROCE and ROC of the company is at📈 310% and 81.7%
❧ Solvency Ratio was at 1.85 compared to 1.77 in a year ago period.
❧ 13 month persistency ratio was at 📈69.24% compared to 73.94% a year ago.
What is solvency ratio and Persistency ratio ❓
📗Solvency ratio measures the ability of a firm to cover its long term liabilities for the insurance companies it is their capital to the risk they have taken.
📗Persistency ratio shows that how many policyholders have paid their renewal premiums.
📊Technicals:
❧ With a less amount📈 data their is not much in the chart structure to observe.
❧ Stock has tested its low of near Rs.800 📈3 times since listing in the hourly time frame.
❧ 10 EMA📈 is closely followed by the stock with RSI levels near 30.📈
❧ There is not much on the technical front on the charts.
Disclaimer: The information mentioned above is only for educational purposes. Kindly contact your financial advisor before trading/investing 💰
Please post your views/queries in the comments below. 👇
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