मैं जिंदगी के साथ भी तुम्हे कुछ नहीं दूंगा, जिंदगी के बाद भी नहीं दूंगा🤪😜
he country’s largest insurance company #LICI Life Insurance Corporation of India has continued to maintain its top position in the life insurance market, commanding a lion's share of 68.6% in the industry.
According to data released by the regulatory body Insurance Regulatory and Development Authority of India on Tuesday, LIC’s market share has jumped from 65.42% in June 2022 to 68.57% in July, which stood at 65.11% in July 2021.
The government-owned insurance behemoth’s new business premium income soared 142% YoY to Rs 29,116.68 crore in July 2022, far outperforming other insurance companies in the country.
There are 24 insurance companies in India, and cumulatively, their new business premium income recorded a whopping 91% jump to Rs 39,078.9 crore in July. However, excluding LIC, the combined figure of 23 insurers grew 19% to Rs 9,962.2 in the month.
The first year premium of all the insurers surged 54% YoY to Rs 1.12 lakh crore in Q1 FY23, and for LIC, the cumulative new premium surged over 62% to Rs 77,317.7 crore from Apr-Jul 2022.
*LIFE INSURANCE CORPORATION | INITIATING COVERAGE: *An insurance goliath crafting its own growth path | Initiate with BUY | TP INR830*
✅ *An insurance trailblazer - growing on its own terms*: LIC has maintained its Numero Uno positioning in the market despite existence of private players for decades. Product mix is currently dominated by low-margin PAR products however it aims to ramp up the mix of non-par business.
✅ *Annuity – a key growth driver; Protection pricing becoming competitive*: LIC enjoys 77% market share in the Annuity segment due to its strong positioning in the group business. With private players implementing tariff hikes, competitiveness of LIC has improved in protection business.
✅ *Strong and productive agency channel; Banca gaining focus*: LIC has a robust agency channel with agent count of 1.3m and derives a miniscule 3% of individual NBP via the banca channel which the corporation is looking to ramp up significantly over next five years.
✅ *VNB margin modest on high PAR mix*: Focus on improving the mix of Non-PAR coupled with higher profit retention for shareholders in PAR business will improve margins. We estimate VNB margins to improve to 13.6% by FY24E.
✅ *Operating RoEV to sustain at ~10%; Initiate with BUY on reasonable valuations*: We estimate LIC to deliver ~10% CAGR in NBP during FY22-24E however operating RoEV will remain modest at ~10% on lower margin profile. Valuation at 0.7x FY24E EV appears reasonable considering gradual margin recovery and diversification in business mix though high sensitivity to market volatility remains an overhang. We initiate coverage with a BUY rating and a TP of INR830.
BEARISH STOCKS FOR THE DAY, SELL ON RISE:
BEARISH STOCK FOR THE DAY, SELL ON RISE:
MASSIVE 325 POINTS GAP DOWN AT #NIFTY50; GRAVITY AT ITS BEST... ALL NIFTY 50 STOCKS OPENING IN RED ANNONYMOUSLY...
STOCKS TO TRADE:
Bull News :
1. Insurance companies can bring new products in market without permission of IRDA.
2. R Subramanyam is new MD & CEO of RBL Bank.
3. eMudra profit rise 2.9%
4. Govt gives 6 months relief for sugar companies.
5. MAX LIFE buys 24.6 lakhs shares of IIFL FINANCE.
1. More than 9950 corona cases come in India
2. Lock in period of Anchor investors in LIC over today.
3. 29% of Hindustan Zinc will be sell by OFS.
4. Pollution control board order Deepak Nitrite to close plant and implied 1 crore penalty
5. British international sells 4.22% stake in IIFL FINANCE
Finance, sugar and Pharma stocks will go upside today
Finance minister once said no worries about fii come in and go retailers will absorb the shock.
That's was indication lic ipo will also come and go retailers will absorb the shocks
👉IPO Price LIC 950 - Now Trading 750
200 rs down within 20 days👎
🌸Suggested earlier - Never invest in govt. Companies
LIC hai to Bharosha Hai (Tha)!
Investors Meetings on May 31
UltraTech Cement: The company's officials will meet Fidelity International.
FSN E-Commerce Ventures (Nykaa): The company's officials will participate in Citi's Flagship Pan Asia Regional Conference 2022.
Gateway Distriparks: The company's officials will participate in investor conference organised by Nirmal Bang Institutional Equities.
Tata Consumer Products: The company's officials will meet Jefferies.
Tube Investments of India: The company's officials will meet Premji lnvest.
GMM Pfaudler: The company's officials will attend Ambit Conference.
Apollo Tyres: The company's officials will meet Batlivala & Karani Securities India.
Stocks in News
Life Insurance Corporation of India: The country's largest life insurance company recorded an 18 percent year-on-year decline in profit at Rs 2,371.55 crore for the quarter ended March 2022. However, net premium income rose by 18.2 percent to Rs 1,43,746 crore during the same period.
Campus Activewear: The fashion and athleisure footwear brand reported a 296 percent year-on-year growth in consolidated profit at Rs 39.60 crore in quarter ended March 2022, driven by operating income and topline, and lower tax cost. Revenue grew by 28 percent to Rs 352.3 crore during the same period.
Sun Pharma: The pharma major recorded loss of Rs 2,277.2 crore for the quarter ended March 2022 dented by exceptional loss, against profit of Rs 894.1 crore in the same period last year. EBITDA increased by 14.6 percent YoY to Rs 2,279.7 crore in Q4FY22. Revenue grew by 11 percent YoY to Rs 9,446.8 crore in Q4FY22 with India formulation sales rising 16 percent, US formulation growth of 5 percent, emerging markets formulation sales increasing 7 percent and Rest of World formulation sales rising 7 percent YoY.
PC Jeweller: The company posted a loss of Rs 173 crore in March 2022 quarter against a profit of Rs 60 crore in the same period last year on lower revenue. Revenue from operations declined sharply to Rs 189 crore in Q4FY22, compared to Rs 868 crore in the corresponding period last year.
Wockhardt: The pharma company posted loss of Rs 311 crore in the quarter ended March 2022, widened from loss of Rs 107 crore in the same period last year. Revenue grew marginally to Rs 655 crore during the quarter, up from Rs 632 crore in the same quarter last year.
IRCTC: The company recorded a 106 percent year-on-year growth in profit at Rs 213.8 crore in the quarter ended March 2022 driven by strong topline and operating performance. Revenue surged 104 percent to Rs 691 crore compared to the same period last year.
Dilip Buildcon: The company posted loss of Rs 41.09 crore for March 2022 quarter against profit of Rs 186.2 crore in the corresponding period last year, impacted by operating loss and lower topline. Revenue declined 15 percent YoY to Rs 2,663.7 crore in Q4FY22. The company appointed Sanjay Kumar Bansal as Chief Financial Officer in place of Radhey Shyam Garg, who has been designated as President - Finance.
Lemon Tree Hotels: The company has signed a Licence Agreement for a 40-room hotel at Chirang, Assam under its brand 'Keys Select, by Lemon Tree Hotels'. The hotel is expected to be operational by June 2026. Subsidiary Carnation Hotels Private Limited will be operating this hotel.
Lic India Dividend given 1.5 rs. Per share😁
IPO loss everything loss👎
Suggested earlier, don't invest in govt. Companies... All are wealth Distroyer👎
#LICI will declare results on May 30, 2022
Do you have any view on the results? Let's aggregate whatever information we have from other sources for everyone's benefit.
BREAKING NEWS :
LIC will introduce a new Policy from tomorrow called
"LIC IPO LOSS COVER POLICY"😜
If it goes below 700 assured returns
Good morning, friends!
So yesterday was the most awaited in Indian markets of recent past. #LICI got listed, though at discount. Market saw good rally in Indices helped by heavyweights of NIFTY. which gave some relief Bulls. However, was it a reversal or just a small pause taken by bears?
#NIFTY50: According to LHLL Pattern I discussed last time, we are still suppose to make a new low below 15670. Pattern is valid as long as we're closing below previous LH of 18110. For short term reversal, 16400-16450 is the area of resistance closing above which can see major short covering and see 17000+ levels. For Intraday, it's Buy above 16300 and Sell below 16200.
#NIFTYBANK: Banks took part in the rally little late. Will it continue doing so? All depends on how market trades today. For this momentum to continue, we need a good support from US Market as well. Their this week's closing is very important considering the fact that they're almost into a recession. 34500 is good resistance and 34000 is good support herw. For Intraday, it's Buy above 34350 and Sell below 34200.
Create your positions accordingly. Wishing you a very profitable day ahead!
No insurance company can give money to investor when he is alive.You need to die for it
Jeevan Laabh ....
Sab de diya LIC ne, ek sath retailers ko 😂😳😂
6 months back LIC was going to be WORLD's most valued company after IPO beating Saudi Aramco and Apple.
today after listing, it is struggling to be in INDIA's top 5 companies.
Thats the way market works, it cracks down narratives and beat you to the reality and more.
#LIC #IPO #InvestingUniversity
LIC is buying all the shares except LIC shares.
LIC trading 6℅ down👎
#LIC all eyes on LIC India. Definitely its under pressure and opened at discount but fir short term it can give handsome returns say about 20-30%. For long term we cant say much about uts business what they will innovate fir increasing their clientele. Now 900 cmp. Happy trading and investing.
Today is grand day for India Markets as our biggest IPO of #LIC will be listed today and most probably all story will revolve around this only. Huge suspense whether it'll be a hit or flop. Whatever, it'll definitely affect market today.
Let's talk levels. #NIFTY50, as discussed earlier, is making a low around 15750 levels for past 3 sessions and manages to close above it. If it breaks it, then all eyes will be on March low of 15670 which will act as major psychological support, which once broken may initiate a panick selling mode. However, if these levels are saved, #NIFTY50 may hover between 15700-16000. Unless 16000 is broken, not expecting any good upside.
For #NIFTYBANK, 33700 for upside and 33000 on downside are the levels to watch for any directional move.
Don't be any hurry to create positions. Let market settle first.
Wishing you a profitable day ahead.
💥LIC listing day tomorrow
What do you think discount or premium listing?
Wait & Watch👍
~No doubt psu gives good dividend but what about capital appreciation?
~Any psu have produced good retruns?
Or even GIC launched few years back
Investors wealth Distroyer😐
1. ITC outperforms benchmark on strong earnings hope; stock up 2% - ITC CMP 266 targets 275 & 300 SL 255
2. Zomato, Policybazaar, Info Edge down up to 9%; hit 52-week lows - Better Reduce positions from Zomato & Policybazaar
3. Wipro hits 52-week low; stock down 18% in 1 month on tepid Q1FY23 guidance - Longterm Investor should Stay Invested
4. Voltas tanks 10% on disappointing March quarter results
5. Angel One extends fall despite strong April update; stock drops 32% in 4 days - Next Support 1335 & 1265
6. RIL net profit rises 20% to Rs 18,000 crore in Q4 - CMP 2628 Next Supports 2580 & Immediate Targets upto 2 2700 & 2765
7. LIC IPO: Total Subscription so far 1.38x
#ITC #ZOMATO #RELIANCE #LIC #WIPRO
Caught by surprise, right? Don't worry. You're not the only one. RBI shocked everyone. It was not at all expected from RBI, all of a sudden, when #LIC IPO is on.
Well, #NIFTY50 has broken 16800 and gave a closing below it at 16647.50. It's definitely a bearish closing. Now, 16800 would act as biggest hurdle. It's needed to be taken away for any upside possibility. Downside risk is open till 16550/16350.
It'll all depend on how US Market closes. If it closes in big red, expect a follow up selling. If not, 16600/16550 can act as cushion and market may rise to retest 16800/16850+ levels.
Definitely not a time to be aggressive. Play cautiously.
Wishing you a profitable day tomorrow!