Life insurance Corp (LIC) on Thursday announced net profit of 9,444 crore for the quarter ended in December 2023. This profit was 49% higher from Rs 6,334 crore in previous quarter. Company also giving dividend of Rs 4/ share. And presently stock is trading at Rs1105.25.
Before going to discussing about its fundamentals, it is quite evident stock is running with a good pace from last six months. In December 2023, stock price was near to Rs 600 which is going to near about double now.
Talking about promoter holding, it is more than fair and attains maximum holdings of 96.5%. Promoters are showing high faith in company. So it is recommended to purchase this stock as per norms and conditions.