The combined market capitalization (M-Cap) of six of the top 10 most-valued firms on the Indian stock market recorded a more than ₹3 trillion drop last week, dragged down by bearish trends and IT heavyweights like Tata Consultancy Services (TCS), Infosys, and other non-IT firms like Reliance Industries, HDFC Bank, etc, according to a recent…
Shares of State Bank of India (SBI), the country’s largest bank, have been witnessing sharp moves in the Indian stock market, breaking record highs with each passing session as demand for the PSU stock remains strong following its better-than-expected performance in the December quarter. Extending its momentum to the second straight session today, February 10,…
LIC Share Price Target: Shares of government company Life Insurance Corporation of India (LIC) remain on the radar of investors on 6 February… highlights LIC has reported a 17% rise in profit in its third quarter results released on Thursday, February 5. After this, LIC shares will remain in discussion for the next few days….
Life Insurance Corporation of India reported a 17% rise in third-quarter profit on Thursday, aided by higher premium collections on tax cut-spurred retail demand for insurance products. The insurer’s net profit rose to 129.58 billion rupees ($1.43 billion) for the three months ended December 31, up from 110.56 billion rupees a year earlier. Indian insurers…
Stock market today: The Indian stock market is likely to open on a flat note on Thursday, tracking weak cues from global markets. Asian markets traded mixed on Thursday, while US stocks closed mostly lower overnight amid continued selling pressure in technology shares. On Wednesday, the Indian stock market closed marginally higher, amid mixed cues…
LIC Q3 Results Date: Life Insurance Corporation of India (LIC), India’s biggest insurance behemoth, on Tuesday, January 27, said it will announce its financial results for the third quarter of FY26 on February 5. In an exchange filing, LIC stated that a meeting of its board of directors is scheduled on the same day to…
The Life Insurance Corporation of India (LIC) has decreased its stake in ICICI Bank Ltd to below the 5% level after conducting a number of market transactions, just ahead of the Q3 earnings report set for tomorrow, Saturday, January 17. The state-owned insurer divested 12.70 crore shares of ICICI Bank through market sales, reducing its…
Life Insurance Corporation of India (LIC), insurance behemoth and India’s biggest institutional investor, raised its stake in the pharma company Sun Pharma, taking its holding to above 5%, according to the latest exchange filing dated January 14. LIC bought 2,02,500 shares of Sun Pharma from the open market, amounting to a 0.008% stake, from the…
It has not been a happy New Year for ITC shareholders. The cigarettes-to-FMCG conglomerate has seen its stock tumble 14% in two days to its lowest level in three years, hurt by the government’s announcement of a steep hike in the excise duty on tobacco products. This has resulted in the overall wealth evaporation of…
Last week, the total market valuation of six of the top-10 most valued firms increased by Rs 75,256.97 crore. In this, the market cap of Tata Consultancy Services (TCS) and Infosys has increased the most. Whereas last week, BSE The benchmark closed 338.3 points, or 0.39 per cent, lower, although there were good gains in…
