LIC shares are buzzing in trade on Thursday after rallying nearly 16% in April to date. The company recently announced a bonus issue of 1:1; after that, the shares have jumped over 5%.
The company said in the exchange filing that, "The Board of Directors of Life Insurance Corporation of India ("LIC") in their meeting held today, inter alia, considered and approved the issuance of bonus equity shares in the proportion of 1:1, to the existing shareholders".
Share price history
Life Insurance Corporation shares got listed in 2022 at ₹846 apiece, and the shares have since then hit the record high levels of ₹1,177 apiece in Aug 2024. However, the stock has since then witnessed a sharp selloff and currently trades at its listing price. However, in the last year, the shares have delivered 5.5% returns and are trading in the red on a YTD basis.
Dividend history
Since its listing, the company has given six dividends worth ₹1.5, ₹3, ₹4, ₹6 and ₹12 last year. At the current market price, the company's dividend yield stands at 1.4% and dividend payout ratio of 15.7%. The company will be giving its first bonus issue since its listing.
Q3FY26 results
In the latest quarterly results, the company's profit after tax jumped 16.8% YoY to ₹33,998 crore, VNB at ₹8,288 crore up 28% YoY and the AUM of ₹59,17 lakh crore. The company holds leadership in the insurance sector with 57.1% industry share in the first year premium (FYP) for 9MFY26. The individual insurance share remained at 35.1% and group insurance at 71.3%. As of 9MFY26, the renewal business premium stood at ₹1.91 lakh crore, and the first-year premium stood at ₹44,915 crore.
Technical charts
On the near-term daily charts, the stock has crossed the 20 and 50 EMA and defended these medium-term averages for two to three trading days. However, today, the stock faces resistance at the 200 EMA levels. Experts believe the 200 EMA level of ₹853 remains a crucial threshold for the stock to cross; above it the shares could move to witness bullish momentum ahead of ite FY26 results.
Disclaimer: This article is purely for informational purposes and should not be considered investment advice from Upstox. Please consult with a financial advisor before making any investment decisions.