NEW DELHI: Shares of Life Insurance coverage Company (LIC) on Friday rallied practically 10 per cent, defying a muted development within the broader market. The inventory jumped 9.69 per cent to settle at Rs 677.65 on the BSE. Throughout the day, it zoomed 10.35 per cent to Rs 681.80. On the NSE, it climbed 9.71 per cent to settle at Rs 677.70. The corporate’s market valuation jumped Rs 37,855.12 crore to achieve Rs 4,28,613.47 crore.
In traded quantity phrases, 16.53 lakh shares of the corporate had been traded on the BSE, and over 1.89 crore shares modified arms on NSE throughout the day.
In a extremely unstable commerce, the 30-share BSE Sensex declined 47.77 factors or 0.07 per cent to settle at 65,970.04. The Nifty slipped 7.30 factors or 0.04 per cent to 19,794.70.
Insurance coverage behemoth Life Insurance coverage Company has lined up 3-4 product launches within the coming months with a view to attain double-digit progress in new enterprise premium within the present monetary yr.
“We’re projecting double-digit progress during the last yr. We’re going to obtain that as a result of a current development is displaying an uptick in particular person retail enterprise. As a way to additional reinforce our dedication, we’re going to launch some new enticing merchandise,” LIC Chairman Siddhartha Mohanty informed PTI in an interview.
When it comes to market share measured by first yr premium revenue as per IRDAI, LIC continues to be the market chief by market share within the life insurance coverage enterprise with an total share of 58.50 per cent.
In traded quantity phrases, 16.53 lakh shares of the corporate had been traded on the BSE, and over 1.89 crore shares modified arms on NSE throughout the day.
In a extremely unstable commerce, the 30-share BSE Sensex declined 47.77 factors or 0.07 per cent to settle at 65,970.04. The Nifty slipped 7.30 factors or 0.04 per cent to 19,794.70.
Insurance coverage behemoth Life Insurance coverage Company has lined up 3-4 product launches within the coming months with a view to attain double-digit progress in new enterprise premium within the present monetary yr.
“We’re projecting double-digit progress during the last yr. We’re going to obtain that as a result of a current development is displaying an uptick in particular person retail enterprise. As a way to additional reinforce our dedication, we’re going to launch some new enticing merchandise,” LIC Chairman Siddhartha Mohanty informed PTI in an interview.
When it comes to market share measured by first yr premium revenue as per IRDAI, LIC continues to be the market chief by market share within the life insurance coverage enterprise with an total share of 58.50 per cent.