LIC shares gain as Q3 net profit zooms

Revenue rose 13 percent YoY to Rs 1.96 lakh crore with net profit surging 26 times to Rs 6,334 crore. Meanwhile, net premium income gained 15 percent at Rs 1.12 lakh crore.

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stockWidget(‘B’,stkId,articleId);
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alert(‘Please select at least one ‘+disNam);
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AFTERLOGINCALLBACK = ‘overlayPopup(‘+e+’, ‘+t+’, ‘+n+’)’;
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typparam1 = n;
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window.open(postfolio_url, ‘_blank’);
} else
{
AFTERLOGINCALLBACK = ‘pcSavePort(‘+param+’, ‘+call_pg+’, ‘+dispId+’)’;
commonPopRHS();
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typparam = t;
typparam1 = n;
check_login_pop(1)*/
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}

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position: “absolute”,
top: t,
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$(“#lightbox_cb,#” + e).fadeIn(300);
$(“#lightbox_cb”).remove();
$(“body”).append(”);
$(“#lightbox_cb”).css({
filter: “alpha(opacity=80)”
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$(“.linkSignUp”).click();
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document.getElementById(‘back’).style.width = document.body.clientWidth + “px”;
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document.getElementById(‘back’).style.display = ‘block’;
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this.css(“position”,”absolute”);
var topPos = ($(window).height() – this.height() ) / 2;
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this.css(“left”, ( $(window).width() – this.width() ) / 2);
return this;
}
setTimeout(function(){$(‘#backInner’+n).center()},100);

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function closeoverlay(n){
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document.getElementById(‘backInner’+n).style.display = ‘none’;
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stk_str=”;
stk.forEach(function (stkData,index){
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});

$.get(‘//www.moneycontrol.com/techmvc/mc_apis/stock_details/?classic=true&sc_id=’+stk_str, function(data) {
stk.forEach(function (stkData,index){
$(‘#stock-name-‘+stkData.stockId.trim()+’-‘+article_id).text(data[stkData.stockId.trim()][‘nse’][‘shortname’]);
});
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function redirectToTradeOpenDematAccountOnline(){
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window.open(`https://www.moneycontrol.com/open-demat-account-online?classic=true&script_id=${stock_isinid}&ex=${stock_tradeType}&site=web&asset_class=stock&utm_source=moneycontrol&utm_medium=articlepage&utm_campaign=tradenow&utm_content=webbutton`, ‘_blank’);
}
}

Shares of Life Insurance Corporation of India (LIC) surged more than four percent on February 10 after the insurer reported a rock-solid set of quarterly numbers. At 9:17 am, the stock traded 3.2 percent higher at Rs 633.05 on the BSE.

Revenue rose 13 percent YoY to Rs 1.96 lakh crore with net profit surging 26 times to Rs 6,334 crore. Meanwhile, net premium income gained 15 percent at Rs 1.12 lakh crore.

LIC’s Assets Under Management (AUM) increased 10.5 percent YoY to Rs 44,34,940 crore as on December 31, 2022.

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