Stocks To Watch: LIC, Patanjali Foods, Orient Paper in news today

<ul><li>India's NSE stock futures listed on the Singapore exchange were up 0.18% as of 8:23 a.m. IST, slipping from gains of 0.26% as of 7:50 a.m.</li></ul>

LIC shares bounce back with 6% rally after hitting all-time low on concerns over Adani exposure

In Q3 FY23, the state-run insurance giant reported a multi-fold surge in its consolidated net profit at ₹8,334.2 crore, compared to ₹235 crore in the year-ago quarter. LIC’s net premium income in Q3FY23 grew 14.5% YoY to Rs. 1,25,474 crore, led by a strong 31.2% YoY growth in single premiums.

Want to revive your lapsed LIC policy? These are the things you should know

LIC has launched a campaign from Feb 1 to Mar 24, 2023 offering incentives like reduced late fees for revival of old policies. Policyholders can avail discounts with NACH/BILL Pay and waive medical check-ups.

LIC posts surge in profit, says no provisions for Adani debt

The Adani Group has been roiled by days of market turmoil after U.S.-based short-seller Hindenberg Research raised concerns on the group's debt levels and use of tax havens, allegations the conglomerate has denied.

LIC chairman says, will meet Adani Group top management soon

LIC's investment into Adani group firms' stock has come under criticism by the opposition parties as well as investors after US-based short-seller Hindenburg Research made a litany of allegations against the Gautam Adani-led group, saying its companies manage and manipulate share prices, run offshore shell companies for round-tripping and lacking in corporate governance practices.

LIC continues to bet big on Adani, remains in green despite share price rout

LIC, India's largest life insurer, invested about ₹300 crore in buying 9,15,748 more shares as an anchor investor in a ₹20,000-crore new share sale by Adani Enterprises Ltd, according to a stock exchange filing of AEL.

LIC: Kotak believes valuations largely ignore LIC's strengths, sees 36% upside

The brokerage has a 'buy' call on LIC with a target price of ₹1000, indicating a potential upside of as much as 36 percent from the current market price.

Info Edge: LIC's shareholding crosses 5%-mark

LIC said its holding in the company crossed 5 per cent on December 21, 2022. The acquisition of the additional shares were done at an average cost of ₹4,790.76 apiece.

HDFC Ltd: LIC raises stake to over 5%

LIC purchased 1.2 lakh shares from the open market hiking its stake in the company to 5.003 per cent, mortgage lender HDFC Ltd said in a regulatory filing on Monday.

RIL, Tata firms top LIC's equity portfolio as insurer's valuation rises: Report

LIC’s stake in Reliance Industries was valued at ₹1.09 trillion as on Tuesday versus ₹98,342 crore a year ago (November 12, 2021); its stake in various Tata group companies was worth ₹88,389 crore against ₹84,015 crore a year ago, informed the report.

Top Lic News

markets

Stocks To Watch: LIC, Patanjali Foods, Orient Paper in news today

markets

personal finance

markets