February 9, 2024Business Desk

LIC stock hits 52-week high on strong Q3 earnings, Stock jumps over 6%

Q3 Total Annualised premium Equivalent (APE) surged 7% annually to Rss 13,163 crore

Source: Life Insurance Corporation

Q3 Value of New Biz (VNB) rose 46% to Rs 2,634 crore

Source: Freepik

VNB Margin jumped 541 bps to 20.01%

Source: Pexels

LIC declared an interim dividend of Rs 4 per share

Source: Pexels

Market capitalisation of LIC is Rs 7.05 lakh crore

Source: Pexels