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Consequent to the aforesaid allotment, the paid-up equity share capital of the Corporation stands increased to Rs. 12649,99,54,020 divided into 1264,99,95,402 equity shares of face value of Rs. 10/- each.
According to media reports, the proposed stake sale could help the government raise up to Rs 10,000 crore (around $1 billion).
In May 2022, the government had offloaded a 3.5% stake in LIC through its IPO, garnering about Rs 21,000 crore. The shares were issued at a price of Rs 949 apiece.
Life Insurance Corporation of India is engaged in the business of life insurance in and outside India. It offers a range of individual and group insurance solutions including participating, non-participating and unit linked business. The portfolio comprises of various insurance and investment products such as protection, pension, savings, investment, annuity, health, variable and CRAC.
The company reported 23.3% rise in consolidated net profit to Rs 23,467.18 crore in Q4 FY26 from Rs 19,038.67 crore in Q4 FY25. the company reported 23.3% rise in consolidated net profit to Rs 23,467.18 crore in Q4 FY26 from Rs 19,038.67 crore in Q4 FY25.
For the full year,net profit rose 18.90% to Rs 57453.15 crore in the year ended March 2026 as against Rs 48320.33 crore during the previous year ended March 2025. Sales rose 9.77% to Rs 537603.79 crore in the year ended March 2026 as against Rs 489775.39 crore during the previous year ended March 2025.
Consumer durables shares rebounded after witnessing losses in the previous trading session.
At 11 25 IST, the barometer index, the S&P BSE Sensex added 389.13 points or 0.50% to 75,565.69. The Nifty 50 index rose 106.20 points or 0.45% to 23,760.35.
The broader market outperformed the frontline indices. The BSE 150 MidCap Index rose 0.13% and the BSE 250 SmallCap Index adanced 0.09%.
The market breadth was strong. On the BSE, 2,031 shares rose and 1,509 shares fell. A total of 229 shares were unchanged.
In the commodities market, Brent crude for July 2026 settlement advanced $1.51 or 1.47% to $104.09 a barrel.
In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 96.1700 compared with its close of 96.3650 during the previous trading session.
Buzzing Index:
The Nifty Consumer Durables index jumped 0.69% to 35,423. The index jumped 1.20% in the two consecutive trading sessions.
Dixon Technologies (India) (up 4.64%), Crompton Greaves Consumer Electricals (up 1.76%), PG Electroplast (up 1.72%), Kajaria Ceramics (up 0.78%), Bata India (up 0.48%), Kalyan Jewellers India (up 0.3%), Blue Star (up 0.04%) surged.
Stocks in Spotlight:
Life Insurance Corporation of India added 2.45% after the company reported 23.3% rise in consolidated net profit to Rs 23,467.18 crore in Q4 FY26 from Rs 19,038.67 crore in Q4 FY25. Total income for the period under review was Rs 2,79,909.41 crore, up 14.7% YoY.
Quick Heal Technologies declined 6.88% after the company’s consolidated net loss widened to Rs 19.94 crore in Q4 FY26 as against a net loss of Rs 3.25 crore reported in Q4 FY25. Revenue from operations declined 25.19% year on year (YoY) to Rs 48.73 crore in the quarter ended 31 March 2026.
Laxmi Dental hit an upper limit of 20% after the integrated dental products company reported strong consolidated Q4 FY26 earnings, aided by robust growth across its dental laboratory and aligner businesses.
The company’s consolidated profit after tax after share of profit/loss from joint ventures surged 136.1% YoY to Rs 10.09 crore in Q4 FY26 from Rs 4.27 crore in Q4 FY25. Revenue from operations rose 21.9% YoY and 12% QoQ to Rs 73.95 crore during the quarter.
Global Markets:
Asia market traded higher Friday as investors assess U.S.-Iran diplomatic efforts at reaching a peace deal in the Middle East.
Tehran intending to keep its enriched uranium stockpile within the country, according to a media report, could complicate negotiations with Washington, as President Donald Trump has made dismantling Iran’s nuclear program a central objective of his military action against Tehran.
On the data front, Japan’s core inflation eased more than expected in April to its lowest level since March 2022, weakening the case for an early rate hike by the Bank of Japan. Core inflation, which strips out prices of fresh food, came in at 1.4%, lower than the 1.7% figure that was widely reported in the media and below the 1.8% reading in March.
Overnight on Wall Street, the Dow Jones Industrial Average rose to a record close Thursday as oil prices and Treasury yields were volatile, with traders hoping for a resolution to the Middle East conflict.
The blue-chip index gained 276.31 points, or 0.55%, for a closing record of 50,285.66. The S&P 500 advanced 0.17% to 7,445.72, while the Nasdaq Composite increased 0.09% to end at 26,293.10.
Total income for the period under review was Rs 2,79,909.41 crore, up 14.7% YoY.
Profit before tax in Q4 FY26 stood at Rs 14,388.02 crore, down by 36% from Rs 22,467.74 crore in Q4 FY25.
The life insurer wrote back current taxes worth Rs 9,079.16 crore in the March 2026 quarter. Tax outgo for the same period last year was Rs 3,429.07 crore.
Net premium income increased by 11.6% to Rs 165,067.19 crore in Q4 FY26 from Rs 147,917.19 crore a year earlier. Renewal Premium was Rs 82,233.16 crore (up 3.5% YoY), Single Premium was Rs 70,118.62 crore (up 21.5% YoY) and First Year Premium was Rs 13,009 crore (up 17.2% YoY) in Q4 FY26.
Income from investments rose sharply to Rs 109,210.70 crore during the quarter compared with Rs 93,442.76 crore in the corresponding quarter last year, showing a growth of 16.9%.
LIC reported total surplus of Rs 89,058 crore during the quarter compared with Rs 77,053 crore a year earlier. Surplus after share of profit from associates and minority interest stood at Rs 24,964 crore compared with Rs 20,271 crore a year ago.
Expenses of management rose by 25% YoY to Rs 20,699 crore, employee expenses increased by 50% YoY Rs 8,891 crore and Other operating expenses jumped by 43% YoY to Rs 4,074 crore in Q4 FY26.
The company's expense management ratio improved to 12.52% from 11.15% in the corresponding quarter last year.
The insurer reported 13th month persistency ratio of 67.77% compared with 68.62% a year earlier. The 61st month persistency ratio stood at 54.13% against 58.54% in the year-ago period.
LIC's solvency ratio improved to 2.35 as of 31 March 2026 compared with 2.11 as of 31 March 2025.
For FY26, LIC has recorded consolidated net profit and revenue from operations of Rs 57,453.15 crore (up 18.9% YoY) and Rs 9,83,583.63 crore (up 10.1% YoY), respectively.
The assets under management (AUM) increased to Rs 57,29,396 crore as on 31 March 2026 as compared to Rs 54,52,297 crore on 31 March 2025 registering an increase of 5.08% year-on-year.