01-01-1970 12:00 AM | Source: Reuters
India's LIC jumps 9% after surge in quarterly profit
Shares of Life Insurance Corporation of India rose as much as 9.1% on Monday, their best intra-day percentage gain since listing in May, after the country's largest insurer reported a surge in quarterly profit on Friday.
LIC's profit after tax surged to 159.52 billion Indian rupees ($1.98 billion) in the July-September quarter, from 14.34 billion rupees a year earlier, boosted mainly by the transfer of nearly $1.8 billion from policy holders' fund to shareholders' fund. ($1 = 80.8000 Indian rupees)
Latest News
Buy Bajaj Auto Ltd For Target Rs. 8,398 - Religare B...
Hyundai, Kia join China`s Baidu to develop connected...
AdaniConneX establishes India`s largest sustainabili...
Astro Zindagi: Weekly Horoscope
Buy Apollo Tyres Ltd For Target Rs. 560 - JM Financi...
Buy AIA Engineering Ltd For Target Rs. 4,400 - JM Fi...
Buy Zomato Ltd For Target Rs. 200 - JM Financial Ins...
Vestian: Strong start to office markets, sustained l...
Govt allows export of 99,150 tonnes of onion to 6 co...
Buy Varun Beverages Ltd For Target Rs. 1,463 - Elara...