LIFE INSURANCE CORPORATION OF INDIA Q2 RESULTS
Five of top-10 most valued firms together add Rs 1.13 lakh cr in market valuation; Airtel shines
Five of the 10 most valued firms added Rs 1,13,117.17 crore to their total market valuation last week with Bharti Airtel stealing the show. While Tata Consultancy Services (TCS), HDFC Bank, Bharti Airtel, ICICI Bank and Infosys were the gainers, Reliance Industries, State Bank of India, Life Insurance Corporation of India (LIC), ITC and Hindustan Unilever took a hit in their valuations.
Brookfield India REIT raises Rs 3,500 cr through QIP; IFC, LIC among key investors
The issue marks the first Real Estate Investment Trust (REIT) investments in India from the World Bank member International Finance Corporation (IFC) and Life Insurance Corporation of India.
Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus
Stock Reports Plus, powered by Refinitiv, undertakes detailed company analysis for 4,000+ listed stocks. In addition to detailed company analyses, the report also collates analysts’ forecasts and trend analysis for each component. An average score in Stock Reports Plus is calculated by undertaking quantitative analysis of five key investment tools – earnings, fundamentals, relative valuation, risk, and price momentum.
LIC Golden Jubilee Scholarship Scheme 2024: Scholarship amount hiked up to 100% this year; know which courses get highest funds
LIC Golden Jubilee Scholarship Scheme 2024: Now Life Insurance Coporation of India (LIC) has increased the scholarship amount under this scholarship by up to 100%. Meritorious students pursing MBBS, BAMS, BHMS, BDS can get Rs 40,000 per annum under LIC Golden Jubilee Scholarship Scheme 2024. Similarly engineering students will get Rs 30,000 per annum.
Retail investors lost interest in PSU stocks in Q2. Is it too early to sell?
Retail investors reduced their holdings in several PSU stocks during Q2 FY25 due to valuation concerns and election results. Despite the PSU index underperforming the Sensex over the past six months, some analysts remain optimistic about the sector's long-term prospects, citing government spending and growth in oil, gas, and utilities.
PM Modi to launch ‘Bima Sakhi Yojana’ for women on Dec 9
Prime Minister Modi will launch the 'Bima Sakhi Yojana' in Panipat on December 9th. This LIC initiative will train women aged 18-70, who are Class X pass, to promote financial literacy and insurance awareness. Graduates may qualify for Development Officer roles. He will also lay the foundation stone for Maharana Pratap Horticultural University in Karnal.
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M-cap of 6 of top 10 most valued firms jumps Rs 2 lakh crore; TCS, HDFC Bank lead gainers
While Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, Infosys, and State Bank of India were the winners from the pack, Bharti Airtel, Life Insurance Corporation of India (LIC), ITC, and Hindustan Unilever emerged the laggards.
LIC Golden Jubilee Scholarship Scheme 2024 launched for these students; Know how it works and last date to apply on licindia.in
Life Insurance Corporation of India has launched LIC Golden Jubilee Scholarship Scheme 2024. LIC said this Golden Jubilee Foundation Scholarship Scheme 2024 is available on an India basis to students who have passed standard Xth/XIIth/diploma or equivalent examination with minimum 60% or equivalent CGPA grade in the academic year 2021-22, 2022-23, or 2023-24 and have taken First Year submission in the academic year 2024-25.
Insurance sector, will amendments amend the industry? 7 insurance stocks with upside potential as low as 7% to a high of 37%
Insurance as a sector has been in the limelight. But the narrative and reality are quite different. The sector is proof that a large market size does not mean that players will all see growth in the short term. It might be a long-term play when it comes to the overall growth of the markets. So, while insurance is a big opportunity, it will pan out over a period of time. More importantly, insurance as a business has a very different operating matrix for each segment. So, when you take exposure to the sector, differentiate between the segments. Because that will decide whether you make money – or not.
India Inc.'s Q2 results review: How different sectors of BSE 500 index fared in the second quarter of 2024-25
Data compiled from an Emkay report shows that the aggregate adjusted PAT growth of BSE 500 companies declined by 0.5% year-on-year. Comparatively, the earnings growth was 3.2% in the June 2024 quarter and 41.6% year-on-year in the corresponding period of the previous year. The performance deteriorates further if the financial sector companies are excluded as the adjusted net profit growth contracts to 9.8% year-on-year. The energy sector significantly dragged the overall earnings growth whereas healthcare and industrial sectors provided support.
Mcap of nine of top-10 most valued firms surges Rs 2.29 lakh cr; LIC biggest winner
The combined market valuation of nine of the top-10 most valued firms surged Rs 2,29,589.86 crore last week, with Life Insurance Corporation of India emerging as the biggest gainer, in tandem with a rally in benchmark indices. Last week, BSE benchmark Sensex jumped 685.68 points or 0.86 per cent and NSE Nifty climbed 223.85 points or 0.93 per cent.
LIC shares surge over 2% on discussions to acquire 50% stake in ManipalCigna Health
LIC share price: State-owned LIC's shares rose 2.4% on news of a potential 50% stake acquisition in ManipalCigna Health Insurance. This move would mark LIC's entry into the health insurance sector, diversifying its portfolio. The deal, potentially valuing ManipalCigna around Rs 4,000 crore, aligns with LIC's stated goal of acquiring a health insurance provider this fiscal year.
Red alert! 72 companies flip to loss in Q2. Are your stocks also on this list?
India's Q2 2024 earnings season disappointed. Many profit-making companies reported losses. Nifty earnings grew at the slowest pace since June 2020. Analysts point to a slowdown in several sectors. However, experts predict a recovery in the second half of the fiscal year. Increased government spending and strong festival demand are expected to boost growth.
Profit apocalypse! 10 companies with steepest losses in Q2. Who blew it worst?
Indian companies faced a profit slump in Q2 FY25, with several sectors reporting declines. Vodafone Idea, Sammaan Capital, and Indian Oil posted significant losses. Analysts downgraded earnings forecasts, citing weak consumption and government spending, but anticipate a recovery in the second half of the fiscal year.
India's pharma sector registers strong Q2 FY25 growth, driven by North America market: Report
The major pharmaceutical companies of the country reported a 10 per cent year-on-year (YoY) growth in the second quarter of FY25, largely driven by strong performance in North America and the domestic market, according to a report by Axis Securities.
India Inc's interest cover weakens with slipping top & bottom lines
Indian companies faced a decline in interest coverage ratio to 4.8% in the September quarter. This was due to rising interest costs and slower growth in operating profit. Interest costs surged by 7.2% year-on-year, while revenue growth slowed down to 4.9%. Higher working capital requirements and increased borrowings further impacted the ratio.
LTIMindtree shares jumped 1% as LIC increases stake to 7%
Life Insurance Corporation of India (LIC) has increased its stake in LTIMindtree from 5.033% to 7.034% through open market purchases. This news coincided with LTIMindtree's announcement of an 8% YoY growth in Q2 net profit, reaching Rs 1,251 crore, and a 6% rise in revenue to Rs 9,433 crore.
GQG hiked stake in 4 Adani stocks, LIC booked profit in 2 in Q2
GQG Partners increased its stake in four Adani Group companies during the September quarter, while LIC reduced its holdings in two. These changes occurred before the recent allegations against Gautam Adani. The Adani Group has faced investor uncertainty since the Hindenburg report.
India Inc fares well in Sept quarter, minus oil & gas
Indian companies, excluding oil and gas, reported solid double-digit profit growth for the seventh consecutive quarter, although the pace of expansion slowed. While banks and finance companies performed well, overall earnings were subdued due to a higher base effect and rising interest costs.
Q2 results today: Grasim, Hero MotoCorp among 1203 companies to announce earnings on Thursday
Get ready for a busy day in the Indian stock market. Over 1200 companies will reveal their financial performance for the July-September quarter. Keep an eye on major players like Hero MotoCorp and Grasim Industries. Analysts predict growth for both companies, driven by higher sales and improved profitability.
LIC books profit in more than 100 stocks as bears outnumber bulls
India's largest institutional investor, LIC, has reduced its stake in over 100 NSE-listed companies, reaching a record low ownership of 3.59%. This move comes amidst a volatile market where FIIs have withdrawn significantly, impacting the Nifty. Despite this, experts believe India's valuation remains reasonable, with earnings growth expected to continue.
Shipping Corp Q2 Results: Net profit jumps multi-fold to Rs 291 crore
Disinvestment-bound Shipping Corporation of India Ltd (SCI) on Friday reported a multi-fold rise in its consolidated net profit to Rs 291.44 crore for the second quarter ended September 2024.
LIC shares in focus ahead of Q2 results today
Life Insurance Corporation of India (LIC) is set to announce its July-September 2024 quarterly results today. In the previous quarter, LIC reported a 9% rise in net profit, reaching Rs 10,544 crore, and a 16% increase in net premium income, hitting Rs 1.14 lakh crore. The company also saw significant growth in both individual and group business segments.
Nippon Life India AMC shares surge 10% post Q2 results, interim dividend announcement
Nippon Life India Asset Management's shares jumped 10% after reporting a 47% rise in Q2 profit. An interim dividend of Rs 8 per share was also announced.
SBI Life shares in focus after Q2 results. Should you buy, sell or hold?
SBI Life reported a 39% YoY growth in consolidated net profit, reaching Rs 529 crore in Q2 FY25. Net premium income rose 1% to Rs 20,266 crore, while first-year premium income grew 6% to Rs 4,915 crore. Analysts maintain positive ratings, with UBS at Rs 1,940 and Macquarie at Rs 1,830, citing strong growth drivers and value potential.
SBI Life Q2 Results: PAT jumps 39% YoY to Rs 529 crore, NPI up 1%
SBI Life reports a 39% YoY increase in Q2 net profit to Rs 529 crore. Net premium income grew marginally to Rs 20,266 crore, while investment income surged 132% YoY to Rs 19,753 crore. The insurer's AUM rose 27% to Rs 4.38 lakh crore.
SBI Life shares in focus ahead of Q2 results today
SBI Life Insurance is set to release its quarterly results for July-September 2024 today, with brokerages predicting 0-14% YoY growth in annual premium equivalent. Estimates vary for the value of new business, projecting a range between Rs 1,395 crore and Rs 1,617 crore.
HDFC Life shares jump nearly 2% after Q2 results. Should you buy, sell or hold?
HDFC Life's shares rose 1.7% after a 15% YoY increase in Q2 net profit to Rs 433 crore. Premium income grew 12% YoY. Analysts hold mixed views: Nomura downgraded it to 'Neutral', while CLSA and Jefferies raised target prices, citing new products and stable growth.
Q2 results today: HDFC Life, PVR Inox among 25 companies to announce earnings on Tuesday
The second quarter earnings season sees the announcement of results from 25 companies, including HDFC Life and HDFC AMC. HDFC Life is expected to report a 17-26% YoY increase in APE, ranging from Rs 3,550 crore to Rs 3,834 crore, with VNB estimated between Rs 900-978 crore.
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