City
Epaper

LIC share price gets down after profit fall in fourth quarter

By Lokmat English Desk | Updated: May 31, 2022 18:13 IST

Open in App
1 / 9
At present, about Rs 1.6 lakh crore worth of IPOs are stuck due to volatility in the stock market. Companies and investors are waiting for the market to recover. An IPO of around Rs 89,000 crore has been approved.
2 / 9
At the same time, the shares of Life Insurance Corporation of India (LIC), which is listed in the stock market, have also gone deeper. The price to which the IPO was submitted.
3 / 9
Shares of LIC, which had a disappointing start to the capital market, fell further. In the fourth quarter of FY2021-22, LIC's profits fell by 17%. Its repercussions were felt on the stock today.
4 / 9
Shares of LIC fell 3%. This has raised concerns among investors. All eyes were on LIC's stock. However, the disappointing economic performance hit the stock.
5 / 9
LIC is currently trading at Rs 817.15 on the BSE. It has declined by 2.38 per cent. Earlier in the day, shares of LIC had plunged to Rs 810 intra-day.
6 / 9
At the National Stock Exchange (NSE), LIC was down by Rs 817.50, down 2.47 percent. Shares of LIC, meanwhile, rose 2 percent on Monday. LIC announced its fourth-quarter results on May 30, 2022.
7 / 9
In the January-March 2022 quarter, the corporation made a profit of Rs 2,409.39 crore. Compared to last year, this year's profit fell 17.41 percent. LIC had posted a net profit of Rs 2,917.33 crore in the same quarter last year.
8 / 9
LIC's net income for the quarter stood at Rs 1,44,158.84 crore. It increased by 17.88 per cent. In the same quarter last year, LIC had a revenue of Rs 1,22,290.64 crore.
9 / 9
LIC earned Rs 67,855.59 crore in the fourth quarter. There was a slight increase compared to last year. On the other hand, due to SEBI's toughness, some IPOs have yet to get approval. In order to protect the interests of investors, SEBI has directed companies on a number of issues.
Open in App

Related Stories

MumbaiMumbai Traffic Update: Heavy Vehicle Ban During Peak Hours on NH48 and Ghodbunder Road

TechnologyMilk, electronics, LPG lead GST-related consumer grievances on NCH

BusinessMilk, electronics, LPG lead GST-related consumer grievances on NCH

NationalMilk, electronics, LPG lead GST-related consumer grievances on NCH

TechnologySensex, Nifty open lower over sustained FII selling

Business Realted Stories

BusinessSensex, Nifty open lower over sustained FII selling

BusinessSelling pressure returns to stocks as Nifty, Sensex down in opening session; Metals, PSU Banks shine

BusinessGovt operationalises record 550 cotton procurement centres across 11 states

BusinessMarket cap of Seoul apartments jumps nearly 10 pc this year

BusinessSupply chain of rare earth minerals is well set in electronics manufacturing industry: Minister Vaishnaw