LIC
According to the LIC DRHP filed with SEBI, LIC is the largest life insurer in India, with a 64.1% market share in terms of premiums (or GWP), a 66.2% market share in terms of New Business Premium (or NBP), a 74.6% market share in terms of number of individual policies issued, a 81.1% market share in terms of number of group policies issued for Fiscal 2021, as well as by the number of individual agents, which comprised 55% of all individual agents in India as at March 31, 2021.
LIC’s individual products comprise (i) participating insurance products and (ii) non-participating products, which include (a) savings insurance products; (b) term insurance products; (c) health insurance products; (d) annuity and pension products; and (e) unit linked insurance products. Group products comprise (i) group term insurance products, (ii) group savings insurance products; (iii) group savings pension products; and (iv) group annuity products. As at September 30, 2021, our Corporation’s group product portfolio in India comprised 10 group products.
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LIC
The Parliament of India passed the Life Insurance Corporation Act on the 19th of June 1956, and the Life Insurance Corporation of India was created on September 1, 1956, with the objective of spreading life insurance much more widely and in particular to the rural areas with a view to reach all insurable persons in the country, providing them adequate financial cover at a reasonable cost.According to the LIC DRHP filed with SEBI, LIC is the largest life insurer in India, with a 64.1% market share in terms of premiums (or GWP), a 66.2% market share in terms of New Business Premium (or NBP), a 74.6% market share in terms of number of individual policies issued, a 81.1% market share in terms of number of group policies issued for Fiscal 2021, as well as by the number of individual agents, which comprised 55% of all individual agents in India as at March 31, 2021.LIC’s individual products comprise (i) participating insurance products and (ii) non-participating products, which include (a) savings insurance products; (b) term insurance products; (c) health insurance products; (d) annuity and pension products; and (e) unit linked insurance products. Group products comprise (i) group term insurance products, (ii) group savings insurance products; (iii) group savings pension products; and (iv) group annuity products. As at September 30, 2021, our Corporation’s group product portfolio in India comprised 10 group products.
LIC stock portfolio bleeds Rs 1.5 lakh crore in 2025 market carnage
Life Insurance Corporation of India (LIC) has witnessed a significant erosion of Rs 1.45 lakh crore in its equity holdings in the first two months of 2025. This sharp decline reflects the broader market downturn, impacting major holdings such as ITC, TCS, and SBI, among others.
LIC Housing Finance shares jump 2% as board approves Rs 1.23 lakh crore borrowing plan for FY26
LIC Housing Finance shares saw a rise after its board approved a significant borrowing plan of Rs 1.23 lakh crore for FY26 through various financial instruments. The company's Q3 net profit rose by 23.1% year-over-year, though there was a decline in net interest income.
Stocks in news: Wipro, IRFC, TCS, Zydus Life, LIC Housing
LIC Housing Finance said its board has given a nod to borrow Rs 1.23 lakh crore through loans, issue of bonds, and other instruments, in the next financial year.
LIC Housing Finance board approves Rs 1.23 lakh cr borrowing budget for FY26
LIC Housing Finance's board has approved borrowing Rs 1.23 lakh crore through various loans and instruments for the fiscal year 2025-2026. This includes issuing bonds, commercial papers, and external commercial borrowing. The company's shares rose by 3.49%, closing at Rs 521.20 on the BSE. This decision aims to streamline the financing process across multiple tranches.
LIC gets GST demand notice of Rs 479.88 crore
LIC received a demand notice of Rs 479.88 crore for the short payment of GST for the financial year 2020-21. The notice is from the Deputy Commissioner of State Tax, Mumbai. It includes GST, interest, and penalty amounts. The company said there is no material impact on their financial, operational, or other activities.
Stocks in news: LIC, IndiGo, TVS Motor, HCL Tech, Granules
IndiGo's market share rose from 64.4% in December 2024 to 65.2% in January 2025, according to monthly data released by the aviation department.
Latest claim settlement ratios of all Indian life insurance companies in 2025; Axis Max and HDFC retain top spot with over 99%; Reliance Nippon lags at 94%
The IRDAI has released the claim settlement ratios of all Indian life insurers for FY 2023-24, revealing that 96.82% of life insurance policy claims are settled within 30 days. Notably, private insurers like Aditya Birla and Tata AIA achieved a higher claim settlement around 99% than LIC, which stood at 96.42%. Axis Max Life Insurance and HDFC achieved top spots, with over 99% claim settlement ratio, in terms of the number of policies, while LIC, ICICI Prudential, and Reliance Nippon remained laggards.
Birth certificate now mandatory for these passport applicants
From October 1, 2023, individuals must provide birth certificates as proof of birth when applying for passports, according to the updated Passport (Amendment) Rules, 2025. Those born before this date can still use alternative documents. The change follows the Registration of Births and Deaths (Amendment) Act, 2023.
Smallcap mutual funds down by 20% in six months. Should you buy the dip?
Small-cap mutual funds experienced a 20% decline over the past six months, according to an analysis of the category’s performance, with around 28 funds in this period. Among them, the Mahindra Manulife Small Cap Fund posted the largest loss of about 24.69%. The HSBC Small Cap Fund and LIC MF Small Cap Fund followed with losses of 23.48% and 23.45%, respectively.
Who is Tuhin Kanta Pandey, the new SEBI chief to succeed Madhabi Puri Buch?
Tuhin Kanta Pandey has been appointed as the new Chairman of SEBI, succeeding Madhabi Puri Buch. Previously serving as Finance Secretary, Pandey brings extensive experience in financial management and governance, having played key roles in the sale of Air India and the public listing of LIC.
Zydus Lifesciences shares zoom 7% after USFDA nod for Dasatinib tablets
Zydus Lifesciences share price: Zydus Lifesciences shares rose 7% following USFDA's final approval to market Dasatinib tablets across multiple strengths. The drug, a generic version of Sprycel tablets, is set to be produced at Zydus' Ahmedabad SEZ facility. The stock, which has seen a 20% decline over the past six months, experienced a significant lift.
Quant Small Cap Fund exits Cochin Shipyard and HUDCO, reduces stake in 7 stocks in February
Around 1.53 lakh shares of Cochin Shipyard and 13.23 lakh shares of HUDCO were sold from the portfolio. Additionally, the smallcap fund made a complete exit from Aarti Pharmalabs and Eclerx Services during the same period.
Power Grid shares in focus after winning bid for inter-state transmission project
Power Grid received the LoI on March 6, 2025, for a project that includes enhancing transformation capacity at the Kurnool-III substation, extending the C’peta substation, and establishing a 765kV double-circuit transmission line in Andhra Pradesh.
TCS shares in focus after partnership with Vantage Towers for telecom site management platform
TCS has partnered with Vantage Towers, Europe’s second-largest telecom tower operator, to launch a digital service platform to enhance property owners’ leasing experience. The platform will streamline service processes, boost retention, and strengthen European partnerships. TCS will deploy TCS Crystallus for Telecom to drive digital transformation, ensuring seamless access to support and enterprise-wide information.
Wipro shares in focus after launch of AI-first platform TelcoAI360 to help telecom sector cut costs
Developed in collaboration with Wipro’s AI partner ecosystem and leveraging ServiceNow’s telecommunications industry solutions suite, TelcoAI360 is designed to streamline operations, improve network performance, and strengthen security for telecom providers.
IRFC shares rise 3% as firm eyes higher margins from non-Railway lending
IRFC plans to boost margins by expanding lending beyond railway projects, exploring metro financing and refinancing World Bank loans. The PSU is also diversifying into power, mining, and telecom sectors. With Rs 4.6 lakh crore owed by Indian Railways, IRFC remains cautious on external borrowings. The stock has surged 318% in two years despite recent corrections.
LICs Smart Pension Plan: What is it and other important FAQs for your retirement planning
LIC Smart Pension Scheme 2025: LIC has introduced the Smart Pension Plan, a non-linked, non-participating annuity plan offering liquidity options for retirees. With flexible payment frequencies and options for single or joint life annuities, the plan guarantees a steady income.
Tata Power shares in focus after solar biz bags Rs 632 cr order from SECI
Tata Power's solar unit, TP Solar, has secured a significant Rs 632 crore order to supply 292.5 MWp solar modules to SECI for a project in Andhra Pradesh. The delivery is set between October 2025 and January 2026. Despite the recent share performance fluctuations, Tata Power has shown substantial gains over the past five years.
Know Your Fund Manager| Sanjay Bembalkar, Head-Equity at Union AMC
My investment philosophy has been shaped by my experiences, reading habits, mentors, and the overall market environment. I believe that, for the most part, markets are efficient. My approach combines analytical insight, behavioral discipline, and personal resilience.
Nifty records longest daily losing streak since launch in 1996. Is the stock market now oversold?
The Nifty50 index has plummeted almost 16%, hitting a historic 10-day losing streak due to heavy foreign institutional investor outflows. With its price-to-earnings ratio dipping below 20, experts see potential signs of market bottoming, particularly in sectors like Infrastructure, Hotels, and Pharmaceuticals.
LIC’s Smart Pension Plan: Key features, eligibility, annuity options, death benefits and more
LIC has introduced the Smart Pension Plan, offering flexible annuity options and secure income streams for retirees. The plan is designed for both individual and group savings, and includes features such as higher rates for loyal customers, liquidity options, and benefits for dependents with disabilities.
Jubilant FoodWorks stands out in QSR space with strong digital and product strategy: Hemang Jani
The MFI sector appears to have experienced its worst downturn and may bottom out soon, while Jubilant FoodWorks shows strong growth potential. Hemang Jani suggests that diversified investment across geographies could be beneficial, with InterGlobe standing out in the aviation sector despite current valuations.
Tata Motors, RIL among 1,100 stocks at 52-week lows as market rout deepens
Indian equities extended their losing streak, with over 1,100 BSE stocks hitting 52-week lows amid foreign outflows, weak earnings, and trade concerns. Nifty 50 is near bear market territory, while midcap and smallcap indices posted their worst losses since 2020. Despite the downturn, India remains the fastest-growing major economy, prompting selective investment opportunities.
Stocks in news: ONGC, NTPC, SBI Life, Manappuram Finance, Biocon
NTPC along with its arm NTPC Green Energy signed multiple MoUs with Madhya Pradesh government to invest over Rs 2 lakh crore in the state.
Rs 8.2 lakh crore wiped off from Tata counters! Should you buy now or wait for stability?
In 2025, the Tata Group faced a severe stock market decline, erasing ₹8.2 lakh crore in market cap across 24 companies, primarily due to heavy FII selling. Major companies like TCS and Tata Motors experienced significant losses. However, experts suggest long-term investment opportunities may arise, despite likely short-term volatility.
Tuhin Kanta Pandey appointed new SEBI Chairperson for 3-year term, to succeed Madhabi Puri Buch
As per a notification from the Appointments Committee of the Cabinet (ACC) on Thursday, February 27, the Cabinet has approved the appointment of Pandey, IAS (OR: 1987), currently the Finance Secretary and Secretary of the Department of Revenue, to the position of SEBI Chairman.
Oversold Nifty may see a technical bounce: Analysts
Stocks like HDFC Bank, Bajaj Finance, Hindalco, Ashok Leyland, NTPC, BEL, Chola Finance, JSW Energy, Narayana Hrudayalaya, and SBI Cards look promising on the charts, with potential returns of 5–8%, analysts said.
Govt appoints Finance Secretary Tuhin Kanta Pandey as SEBI chief for a three-year term
Finance Secretary Tuhin Kanta Pandey has been appointed as the next SEBI chief, succeeding Madhabi Puri Buch. Buch's tenure, which ends on February 28, was marked by regulatory challenges and allegations, including those related to her investments in offshore funds linked to the Adani Group.
RVNL shares in focus after winning Rs 136-crore Central Railway project
Rail Vikas Nigam Ltd (RVNL) has secured a Rs 135.66-crore contract from Central Railway for the Bhusaval-Khandwa section. The project, aiming to enhance railway freight capacity within 24 months, involves the design, supply, and commissioning of 132/55 KV traction substations and posts. RVNL shares saw a recent decline despite significant historical gains.
FSIB selects Pant, Patnaik as MDs of LIC
The two MD roles would have fallen vacant in June this year. After interviewing eight candidates, the bureau selected Pant and Patnaik based on their strong interview performance and extensive experience, said a notification on its website.
Kernex Microsystems rises 4% after consortium wins Rs 325-cr Kavach contract from South Eastern Railway
Shares of Kernex Microsystems spiked 4.4% after securing a Rs 325.33-crore contract from South Eastern Railway for the Kavach safety system across 688 RKM. The project is expected to enhance railway safety and elevate the company's revenue potential.
Should you buy infra, defence, PSU themes amid lower FY25 GDP projections, flat FY26 capex? Nikhil Rungta of LIC MF recommends this
Another key factor is the maturing investor mindset, where market cycles are better understood, leading to fewer panic-driven redemptions. Mutual funds, in particular, have gained significant trust, supported by investor awareness initiatives that emphasize long-term wealth creation.
One Man Office: That's LIC's latest bet
Life Insurance Corporation of India launched the 'One Man Office' service to create a digital ecosystem for its sales force, improving efficiency and productivity. It includes features for policy sales, after-sales services, business tracking, and training resources, accessible via mobile phones.
34 equity mutual funds turn Rs 10,000 SIP up to Rs 8 crore in 25 years
Around 34 equity mutual funds have transformed a Rs 10,000 monthly SIP into up to Rs 8 crore over 25 years. The Nippon India Growth Fund, with the highest NAV, achieved Rs 8.47 crore with an XIRR of 21.84%, highlighting the significant returns of long-term investments in equity mutual funds.
DIPAM seeks bids from I-bankers for pruning stake in select PSBs and FIs
The government is seeking bids from merchant bankers for stake dilution in select state-run banks and financial institutions, aiming to comply with the minimum public shareholding norm. The move involves considering a reduction in its stake in banks where it holds over 90%. Merchant bankers have until March 27 to submit bids, with contract terms outlined by DIPAM.
NFO Insight: Looking for relatively less volatile fund? Take a look at WhiteOak Capital Equity Savings Fund
WhiteOak Capital Mutual Fund has introduced the WhiteOak Capital Equity Savings Fund, suitable for conservative investors seeking capital appreciation through equity, arbitrage, and debt instruments. Managed by a team of experts, the fund aims to balance returns and volatility, with tax efficiency being a notable advantage.
JioStar ropes in 11 sponsors for ICC Champions Trophy
Dream11, Pernod Ricard India, Beam Suntory, Kohler, Birla Opus, Vodafone Idea, ICICI Direct, LIC Housing Finance Limited, Eicher Motors, and Indira IVF have joined as sponsors for the ICC Men’s Champions Trophy 2025. JioStar, the official broadcaster, aims to provide an exceptional viewing experience for cricket fans, backed by these notable brands.
LIC launches marketing tech platform under project DIVE; set to redefine customer engagement
State-owned Life Insurance Corporation of India (LIC) has launched its MarTech platform, marking the first significant step in its Project DIVE initiative for digital transformation. This platform enables LIC to offer hyper-personalized customer engagement and reinforce its commitment to global leadership in digital insurance innovation.
Stock market downturn hits NPS portfolios. Should you tinker equity allocation?
NPS portfolios have been impacted by the stock market downturn, leading experts to recommend a balanced approach with investments also in debt or government securities. While young investors can maintain higher equity exposure, those above 50 should gradually reduce equity allocations.
Radhika Gupta on benefits of starting SIP in your child's name
Children’s funds, as defined by Sebi, have a lock-in of at least five years or until the child reaches adulthood. Over the past five years, these funds have delivered an average return of 12.62%. HDFC Children’s Fund led with 16.40% returns, while other funds like SBI Magnum and LIC MF showed strong performance. Edelweiss offers easy steps to open a minor’s folio.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of more than 30%
The ongoing bearishness is exposing cracks in the stock market that the bulls had papered over with liquidity. This phase is thus a stress test not just for your investments, but also your decision-making abilities and comfort with risk. Most of us take maximum risk when it is time to avoid it; and sit back when it is time to increase it. Consider: Which is the better time to buy? September 2024, or today? Logically, today, because prices are down and valuations have cooled a bit. But as fear has taken over, it is extremely difficult to make a distinction between stock prices and the underlying businesses.
BSE 500 loses Rs 34 lakh crore in m-cap in 2025 so far. LIC, Trent among worst hit
Several major stocks have seen significant market cap declines in 2025, led by LIC (-Rs 84,059 crore), Trent (-Rs 71,076 crore), SBI (-Rs 65,194 crore), Zomato (-Rs 59,832 crore), TCS (-Rs 59,499 crore), HDFC Bank (-Rs 58,833 crore), HCL Tech (-Rs 56,322 crore), Siemens (-Rs 55,272 crore), L&T (-Rs 50,852 crore), and Varun Beverages (-Rs 50,812 crore). ITC faced the steepest erosion (-Rs 91,000 crore) due to its hotel business carve-out, weak earnings, and market sentiment.
JP Morgan sets 26,500 year-end target for Nifty
Some of its top picks include Devyani International, Sapphire Foods, Westlife Development, Varun Beverages, Zomato, M&M, TVS Motor, Kotak Bank, ICICI Bank, Bajaj Finance, HDFC AMC, KFin Technologies, LIC Housing Finance, Shriram Finance, SBI Life Insurance, HDFC Life Insurance, ICICI Lombard General, Mankind Pharma, Max Healthcare, Rainbow Children's Medicare, Fortis Healthcare, DLF, Godrej Properties and Oberoi Realty.
Jio Hotstar throws a curveball as tech glitch disrupts Champions Trophy opener
Millions of Indian viewers faced frustration due to technical issues on Jio Hotstar during the opening day of the ICC Men's Champions Trophy. The platform experienced interruptions during the match, with users reporting lagging and buffering. Despite these issues, the tournament features major sponsors like Dream11 and ICICI Direct, showcasing its commercial impact.
JioStar secures 11 major sponsors while Champions Trophy returns after eight years
JioStar, the official broadcaster for the ICC Men’s Champions Trophy 2025, has revealed its sponsors, which include Dream11, Pernod Ricard India, and Vodafone Idea. The tournament marks the return of the Champions Trophy after eight years, featuring top teams like India, England, and Pakistan. Matches will be aired on JioStar Network and JioHotstar.
Gold ETFs turned Rs 10,000 monthly SIP into over Rs 9 lakh in 5 years. Did you miss the gold rush?
HDFC Gold ETF and Axis Gold ETF grew a Rs 10,000 SIP to Rs 9.21 lakh and Rs 9.19 lakh, respectively, over five years. Aditya Birla SL and Kotak Gold ETFs reached Rs 9.16 lakh each, with XIRRs of 17.19% and 17.18%. Quantum Gold Fund hit Rs 9.15 lakh, while SBI Gold ETF followed at Rs 9.14 lakh.
Gold ETFs offer up to 40% return in 1 year. Are you a gold bug?
Gold ETFs have delivered up to 40% returns in the past year, with inflows surging 486% monthly. UTI Gold ETF led with 39.75% returns. Rising uncertainty, U.S. trade tariffs, and inflation concerns have boosted demand. AUM grew 87% YoY, reflecting strong investor interest.
IRDAI launches Bima-ASBA via UPI to make insurance premium payment easier when you buy a policy
The new payment mechanism, aims to streamline the payment process for life and health insurance policies, will be effective from March 1, 2025, as per the IRDAI circular.
Market stunners: 45 BSE500 stocks see up to 30% surge in m-cap in 2025. Bajaj Twins & SBI Card lead
Bajaj Finance leads in absolute market capitalization growth, adding Rs 1.02 lakh crore this year, while SBI Cards and Payment Services takes the top spot in percentage terms with a 30% rise. Bajaj Finance’s m-cap grew by 24%, while SBI Card’s 30% increase added Rs 19,127 crore. Maruti Suzuki India and Bajaj Finserv outpaced SBI Card in absolute growth, with their market caps rising by Rs 60,346 crore (18%) and Rs 51,955 crore (21%), respectively, though they trailed in percentage gains.
Sammaan Capital to foray into high-yield loans
The development comes even as the non-banking financier pared down debt by paying off Asian credit company PAG's ₹1,500 crore last month. With that loan taken at "high teens" in 2022 now paid back, all high-cost loans taken after the 2018 IL&FS crisis have now been settled, which opens new avenues for business, Banga said.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of more than 25%
Do you think rationality goes out of the window only when the bulls are rampant and stocks of bankrupt companies quote at valuations of over half-a-billion dollars? Think again. In bearish phases like the one we are witnessing today, the same thing happens. Stocks get punished for no logical reason. Consider what the street did to pharma stocks last week just because it heard the words “reciprocal tax”. It feared the US would impose reciprocal tariff on pharma products, little realising that our pharma exports are at the core of keeping healthcare costs low in the US. No administration would want to push costs higher. In extreme times, stock prices make us believe street narratives and ignore reality.
Due diligence of qualified bidders for IDBI Bank underway: MoS Finance
The due diligence process for the privatisation of IDBI Bank is currently in progress, with government and LIC selling nearly 61 percent stake. Essential clearances from the Ministry of Home Affairs and Reserve Bank of India have been obtained, and due diligence by qualified bidders has commenced.
LIC shares in focus after Q3 PAT jumps 15% YoY to Rs 11,009 crore
The net premium income for Q3FY25 was Rs 1,07,302 crore, a decrease of 9% compared to Rs 1,17,432 crore in the same quarter of the previous financial year.
LIC Q3 Results: Cons PAT jumps 16% YoY to Rs 11,009 crore, net premium income down 9%
LIC Q3 Results: Net premium income for Q3FY25 stood at Rs 1,07,302 crore, down 9% YoY from Rs 1,17,432 crore and 11% QoQ from Rs 1,20,326 crore in Q2FY25. Despite this, profit after tax surged 42% sequentially from Rs 7,729 crore in the previous quarter. The state insurer’s financials reflect strong profitability despite a decline in premium income.
Stocks in news: Bajaj Auto, Nykaa, Grasim, LIC, Cipla, Hitachi Energy, Sun TV
Bajaj Auto is gearing up to enter the domestic e-rickshaw segment by the end of this fiscal to tap a 'sizable opportunity' in a fast-growing but highly unorganised market.
Market sell-off presents long-term investment opportunities in largecaps: Sudip Bandyopadhyay
Sudip Bandyopadhyay, Group Chairman of Inditrade Capital, highlights global uncertainty, high valuations, and disappointing Q3 results as key factors spooking markets. Despite the market sell-off, he sees potential in large-cap stocks like State Bank of India, LIC, UltraTech, and Reliance for long-term investors.
Unfazed by Trump tantrums, FII sell-off, these 13 stocks deliver double-digit returns so far in 2025, outshine gold
In 2025, despite market challenges, 13 stocks in the Nifty 500 index outperformed gold, which saw an 11% return. Key performers included SRF, Navin Fluorine International, and Bajaj Finance, among others. The market faced pressure from FII sell-offs and domestic factors like GDP projections and rupee depreciation. Gold's rise was driven by geopolitical tensions and central bank buying.
Gold ETF records highest monthly inflow of Rs 3,751 crore in January amid flight to safe-haven
Gold ETFs saw record inflows of Rs 3,751 crore in January, a 486% monthly surge, driven by market volatility and rate cut expectations. Gold’s safe-haven appeal and inflation hedge attracted investors. AUM rose 16% to Rs 51,839 crore. LIC MF Gold ETF led with 7.72% returns, while Groww Gold ETF lagged at 6.88%.
Why Deepak Shenoy continues to bet on stronger India theme going forward
Deepak Shenoy, Founder of Capital Mind, emphasizes investing in sectors like defence, manufacturing, consumer durables, and financialisation for India's growth. He advises shifting focus from expensive FMCG companies to durable goods, which show higher growth potential. Private banks and NBFCs also offer opportunities, with a positive outlook on mid to long-term investments.
LIC to report Q3 results today. Here's what to expect
Life Insurance Corp is forecasted to show mid single-digit profit growth in Q3 FY24, despite a likely decline in annual premium equivalent. Analysts predict a 5% YoY profit increase, while APE might drop by 19%. The stock currently faces downward pressure, trading below key moving averages.
Why is the market falling despite the Budget, rate cut & Delhi poll result? Deepak Shenoy answers
Deepak Shenoy of Capital Mind predicts further market volatility due to US policy uncertainty but sees potential for picking undervalued stocks. He highlights LIC as a strong performer with promising growth. Despite short-term turbulence, he advises long-term investors to capitalize on market dips, emphasizing LIC's solid financial position and growth prospects.
Q3 results today: M&M, LIC among 233 companies to announce earnings on Friday
Around 233 companies, including M&M, LIC, and Mazagon Dock, are set to announce Q3 earnings. M&M is expected to report a solid growth led by auto and farm segments, while LIC may see a slight increase in profitability but a drop in annual premium equivalent.
Stocks in news: BSE, ITC, M&M, LIC, IndiGo, Zomato, Airtel
Diversified conglomerate ITC reported a 7% year-on-year (YoY) decline its consolidated net profit at Rs 4,935 crore. Revenues, meanwhile, increased 8% YoY to Rs 20,350 crore.
LIC gets GST demand notice of Rs 105 crore
Life Insurance Corporation of India (LIC) has received a demand notice amounting to Rs 105.42 crore for short payment of GST over seven financial years. The notice, received on February 5, includes interest and penalties for various states and can be appealed before the Commissioner (Appeals) in Lucknow.
Stocks to buy: LIC, M&M and Grasim on investors' radar
Sensex and Nifty declined amid caution ahead of the RBI's monetary policy announcement and foreign fund outflows. Analyst Kushal Gandhi advises against purchasing LIC and M&M due to weak trends and increased volatility, but recommends purchasing Grasim as its intermediate trend shows signs of improvement.
Stocks to buy or sell today: Wipro, DLF among top 10 trading ideas for February 11, 2025
The Indian market is expected to trade higher on Tuesday, driven by positive global cues. Nifty futures closed 0.67% lower at 23,457 levels on Monday, while India VIX rose 5% to 14.44. On the options front, the maximum Call OI is at 24,000, and the maximum Put OI is at 22,500, indicating a broader trading range.
LIC's stake in Indian equities dips to all-time low at 3.5% in Q3: PRIME Database
LIC stake: LIC's stake in Indian equities dropped to an all-time low of 3.51% in Q3 FY25 due to profit booking. While LIC increased holdings in 71 companies, it reduced stakes in 98. DIIs' share neared FIIs as foreign ownership declined.
NCLT directs Hinduja Group to complete Reliance Capital acquisition by February 25
The National Company Law Tribunal directed IndusInd International Holdings Limited to complete the acquisition of Reliance Capital by February 25. All issues, including concerns from lenders Barclays and 360 One, have been resolved, paving the way for finalising the acquisition pending de-listing approvals.
VA Tech Wabag shares soar 13% on securing Rs 3,251 crore Saudi Arabia order
VA Tech Wabag share price: VA Tech Wabag's shares soared 13.5% after the company announced winning a Rs 3,251 crore consortium order for the Al Haer ISTP in Riyadh. Wabag will design and build a 200 MLD sewage treatment plant, aligning with Saudi Arabia's Vision 2030 to improve sewage treatment services.
LIC gets GST demand notice of Rs 101.95 crore
Life Insurance Corporation of India (LIC) faces a demand notice for Rs 101.95 crore from tax authorities over short payments of GST for five financial years, from 2017-18 to 2021-22. LIC has received interest and penalty demands from various states and will appeal the order, clarifying no material impact on financials or operations.
MTNL shares zoom 10% as cabinet approves Rs 6,000 crore package for 4G expansion
MTNL Share Price: BSNL, which also oversees MTNL's operations in Delhi and Mumbai, has been struggling with customer losses due to the absence of pan-India 4G services. The state-run company briefly saw a customer growth spurt for 3-4 months following the tariff hikes by private telecom operators in July last year. However, it has now returned to losing users.
Jefferies reduces target price for LIC Housing to Rs 700, stock up 3%
Jefferies reaffirms Buy on LIC Housing Finance with a revised Rs 700 target (25% upside). Stable margins, provision reversal, and EPS growth (4% CAGR) support optimism. A meaningful re-rating depends on growth and improved NIM. Stock surged 3% intraday.
Bajaj Auto shares in focus as company plans e-rickshaw entry by fiscal year-end
Bajaj Auto is set to debut in the domestic e-rickshaw segment by the end of this fiscal year, expecting regulatory clearances soon. The company aims to launch a modern e-rickshaw to capitalize on a significant, yet unorganised market that retails 45,000 units monthly.
LIC Q3 Results 2025 Live Updates: LIC Q3 PAT at Rs 11,009 cr; net premium income at Rs 1.07L cr
LIC Q3 Results 2025: The profit after tax (PAT) jumped 42% on a sequential basis versus 7,729 crore reported by the state-insurer in Q2FY25.
Stocks to buy today: Goldman Sachs sees over 40% upside in Adani Ports after recent correction
Goldman Sachs sees Adani Ports' correction as a buying opportunity (target: Rs 1,560, upside 43%). Jefferies maintains Buy on LIC Housing Finance (target: Rs 700, upside 25%) despite rate cut risks. Morgan Stanley remains bullish on Maruti Suzuki (target: Rs 14,942, upside 13%) amid strong export demand.
Quant Small Cap Mutual Fund sold Mazagon Dock, pared stake in Cochin Shipyard and HUDCO before Budget
Quant Small Cap Fund exited Mazagon Dock and reduced stakes in Cochin Shipyard and HUDCO. The fund increased exposure in Aster DM Healthcare, Juniper Hotels, and other stocks, while adding new stocks Equinox India Developments and Alivus Life Sciences. Assets under management totaled Rs 25,183 crore.
Balu Forge Q3 results: Ashish Kacholia portfolio co reports 134% YoY PAT jump, revenue up 74%
Balu Forge Q3 Results: Balu Forge posted a 134% YoY jump in Q3FY25 net profit at ₹59 crore, with revenue surging 74% to ₹256 crore. EBITDA margins expanded to 26.47%, driven by operational efficiencies and high-margin products. The company also announced strategic diversification plans.
Rate-sensitive auto, realty stocks surge up to 3%, banks decline after RBI MPC cuts repo rate
Stocks in rate-sensitive sectors reacted mixed to the RBI's 25 bps repo rate cut to 6.25%. Auto and real estate stocks surged, with gains of up to 3%, led by Apollo Tyres, Ashok Leyland, M&M, and Godrej Properties. However, banking and financial stocks fell by nearly 1.5%, with Bajaj Finance, SBI, Axis Bank, and ICICI Bank leading the declines.
Will RBI cut interest rates? Morgan Stanley identifies stocks that could benefit the most
Lenders with a larger share of fixed-rate assets and floating-rate borrowings are likely to gain the most, as lower borrowing costs would reduce expenses while their income from existing fixed-rate loans remains unaffected. Additionally, unsecured lenders, vehicle financiers, and gold financiers are expected to benefit from the rate cut, as it would make borrowing cheaper for customers.
Delhivery Q3 Results: Cons PAT soars 114% YoY to Rs 25 crore, revenue up 8%
Delhivery Q3 Results: Delhivery posted a 114% YoY rise in Q3FY25 net profit to ₹25 crore, marking its third consecutive profitable quarter. Revenue grew 8% YoY, driven by strong growth in Part Truckload and Supply Chain Services despite a slight EBITDA decline.
Aurobindo Pharma shares in focus after Q3 profit drops 10% YoY. Should you buy or sell?
Aurobindo Pharma’s Q3 net profit declined 10% YoY to Rs 846 crore, despite record revenue of Rs 7,979 crore. US sales remained weak, but Europe and antiretrovirals grew. Analysts gave mixed ratings, citing profitability improvements and US market trends.
Bharti Airtel shares rise 3% after multifold jump in Q3 profit. Should you stay invested?
Bharti Airtel share price surged 3% following a significant increase in net profit to Rs 14,781 crore for the third quarter, driven by robust growth in both India and Africa. The company's operating revenues grew 19% year-on-year, with EBITDA rising 24% and solid ARPU performance.
