Shares of Life Insurance Corporation of India (LIC) climbed 1.84% to trade around ₹394.70 on the National Stock Exchange on Friday, driven by a wave of analyst upgrades following the company's strong first-quarter results.
Trading volumes exceeded 269 lakh shares, with turnover surpassing ₹1,060 crore, reflecting heightened investor interest in the state-owned insurer's improved profitability metrics.
8% year-on-year increase in net profit to ₹13,492 crore for the quarter ended June 2026.
Brokerage firms have raised their price targets on the stock, with some setting targets as high as ₹550.
The upgrades were triggered by LIC's record value of new business (VNB) margin, which exceeded market expectations.
This margin expansion signals improved underwriting discipline and product mix optimization, key factors for long-term value creation in the life insurance sector.
The positive sentiment builds on LIC's earlier report of a 22.8% year-on-year increase in net profit to ₹13,492 crore for the quarter ended June 2026.