LIC Share Price: Life Insurance Corporation of India Share Price
Investing in the Life Insurance Corporation of India (LIC) can have its ups and downs. The share price of LIC is not dependent on any one single factor, but rather a combination of factors like the financial market, political landscape, economic stability and more. In this blog post, we will explore the current share price of LIC and look at some potential trends that could affect it in the future. We will also discuss strategies for buying and selling LIC stocks, as well as how to make informed decisions about investing in them.
What is Life Insurance Corporation of India?
The Life Insurance Corporation of India (LIC) is an Indian state-owned insurance group and investment company headquartered in Mumbai. It is the largest life insurance company in India with an estimated asset base of ₹1,560,482 crore (US$240 billion). As of September 2016, the LIC had a market share of 54% of the Indian life insurance market.
What is the share price of Life Insurance Corporation of India?
The share price of Life Insurance Corporation of India (LIC) is the price per share of the company’s stock. The shares of LIC are traded on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). As of September 2020, the BSE share price was Rs. 574.95 and the NSE share price was Rs. 575.05.
How to buy Life Insurance Corporation of India shares?
In order to buy shares of Life Insurance Corporation of India (LIC), you will need to have a brokerage account. You can then place an order to buy LIC shares through your broker.
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When placing your order, you will need to specify the number of shares you wish to purchase as well as the price you are willing to pay per share. Your order will not be executed until there is a seller willing to sell you the shares at your specified price.
Once your order is executed, you will own the LIC shares and will be able to hold them in your brokerage account or sell them at any time.
Pros and cons of investing in Life Insurance Corporation of India
The pros of investing in Life Insurance Corporation of India (LIC) are that it is a government-owned company, so it is relatively safe and stable, and has a strong brand name. Additionally, LIC is the largest life insurance company in India, so it has scale advantages. The cons of investing in LIC are that the Indian insurance market is very competitive, so LIC may not be able to maintain its market share, and its profitability has been declining in recent years.
The Life Insurance Corporation of India (LICI) is one of the most popular stocks in the Indian markets due to its strong fundamentals and impressive performance. Shareholders can benefit from LICI’s long term track record of delivering consistent returns, as well as its attractive dividend payouts. With a current share price that offers great value for money, investors should consider adding LICI shares to their portfolio for long-term gains.