LIC plays the price game for growth, margins take a back seat, for now
LIC, India’s largest insurance provider, shifted its growth strategy, focusing on expansion over margins. In Q1 FY25, it reported a 24% rise in value of new business due to a 21% increase in annualized premium equivalent. This strategy led to a rise in non-par segment premiums but a decline in overall margins.
ET Analysis: Stocks excluded from Nifty 50 outperform those included
Data from the past 10 years shows that stocks removed from the Nifty 50 index often perform better than those newly added. Of the 28 excluded stocks analyzed, 17 outperformed their replacements. Research indicates that stocks removed from indices might experience initial drops but generally recover and outperform in the long term.
Stocks in news: Hindustan Zinc, Samvardhana Motherson, Mphasis, Uno Minda, Polyplex Corp
Markets bounced back on Friday, gaining almost 1.5% amid positive global cues. Attention will be on Hindustan Zinc, Samvardhana Motherson, Mphasis, Uno Minda, and Polyplex Corp due to key updates like resignations, acquisitions, and new appointments. DCX Systems received notable orders of Rs 107 crore from domestic and overseas clients.
Asia shares, gold underpinned by rate cut hopes
Asian stocks paused after their best week in nine months, bolstered by hopes of a U.S. recession being avoided and cooling inflation signaling potential interest rate cuts. Gold surpassed $2,500 an ounce, and the dollar dipped. Fed officials hinted at easing policies, driving S&P 500 futures up 0.2% and Nasdaq futures 0.3%.