LIC Stock Hits Record High; Becomes Indias 5th most valued firm | Stock Market News

Name: LIC Stock Hits Record High; Becomes Indias 5th most valued firm | Stock Market News
Uploaded: 2024-02-09T15:09:01+05:30
Duration: 1 min 39 s
Description: Life Insurance Corporation of India (LIC) witnessed a remarkable surge of over 4% on February 9, following robust quarterly earnings for the period ending December 2023. The state-run insurer reported a 49% year-on-year increase in net profit to Rs 9,441 crore, with net premium income growing by 4.67% to Rs 1.17 lakh crore.

Life Insurance Corporation of India (LIC) witnessed a remarkable surge of over 4% on February 9, following robust quarterly earnings for the period ending December 2023. The state-run insurer reported a 49% year-on-year increase in net profit to Rs 9,441 crore, with net premium income growing by 4.67% to Rs 1.17 lakh crore.

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Written By: Zee Business Video Team

Updated on: February 09, 2024, 03.09 PM IST