Life Insurance Corporation of India (LIC) has reported a standalone net profit of Rs 13,428 crore for Q4 FY23, a 466% increase YoY, prompting brokerages including Motilal Oswal, Axis Capital and JM Financial to recommend “Buy” on the stock, while Emkay has maintained its “Hold” rating. LIC’s net premium income fell 8% to Rs 1.31 lakh crore during the March quarter, compared to last year. The company’s first-year premium for the period totalled Rs 12,811 crore, down 12% YoY. Its net commission rose 5% to Rs 8,428 crore, while the full-year profit fell 10% to Rs 36,397 crore.
How will higher anchor investor allocation impact lower rated bond market?
The capital markets regulator has introduced a credit-rating based quota for allocating limits for anchor investors, according to a circular issued on Friday. Earlier, the
May 20, 2025