Published on 9/11/2022 11:10:22 AM | Source: Accord Fintech

LIC trades in green on reporting 18% rise in new premium income during October 2022

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Life Insurance Corporation of India is currently trading at Rs. 634.50, up by 1.20 points or 0.19% from its previous closing of Rs. 633.30 on the BSE.

The scrip opened at Rs. 633.30 and has touched a high and low of Rs. 637.45 and Rs. 633.25 respectively. So far 48124 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 920.00 on 17-May-2022 and a 52 week low of Rs. 588.00 on 21-Oct-2022.

Last one week high and low of the scrip stood at Rs. 637.95 and Rs. 602.95 respectively. The current market cap of the company is Rs. 402174.98 crore.

The promoters holding in the company stood at 96.50%, while Institutions and Non-Institutions held 1.09% and 2.42% respectively.

Life Insurance Corporation of India (LIC) has recorded 18% rise in its new business premium at Rs 15,920.13 crore in October 2022 as against Rs 13,500.78 crore a year ago. In September 2022, the company’s new premium income stood at Rs 24,991.26 crore.

Life Insurance Corporation of India, popularly known as LIC is Indian state-owned insurance group and investment company.