LIC Share Price Target 2024, 2025, 2026, 2030
Here is all details about LIC India Share Price Target 2024. LIC India is an important part of the Indian Insurance Industry and has maintained a strong position on the market because of its diverse range of insurance products.
Investors keep an eye on the LIC India share value, particularly in light of recent financial performance.
This article is for both experienced and new investors. It will give you useful information on the future of the LIC India share prices, as well as whether or not it’s a good investment.
The company is an excellent investment for the long-term. It has great growth prospects. This article will discuss LIC’s share price targets for 2023, 2024, 2025, 2026, 2030.
You can use this information to make a decision on your next investment. Let’s first examine the company, its business structure and its history.
LIC Company Overview: LIC India Share Price Target 2024
- LIC is Life Insurance Corporation of India. It is India’s largest insurance company. It is also the biggest investor-owned company. LIC is a publicly traded company that is managed by the Government of India.
- The company was founded in 1956, and its headquarters is located in Mumbai, India. The company currently has more than 13 lakh workers. Over 245 companies and societies of provident funds have been merged with the company.
- The company is a long-standing entity and has been listed on the stock exchange since May 2022. However, the company sold its 3.5 percent share to the public via an IPO.
- The government owns the remainder of the stake. The company’s business is doing very well, and its stock is also performing well.
- LIC has a current market capitalization exceeding Rs 440,000 crore. The company falls under the large-cap category.
- LIC shares are trading at a P/E lower than industry average. LIC shares are also trading at 42x their book value. LIC shares trade at a premium over their book value.
- The company’s results were not excellent in the period of June-2022. The pressure on its share price is due to this. LIC, however, reported impressive results for the third quarter of 2009 and increased its operating profit.
- If we look at LIC’s share price targets for 2023 in this scenario, the first target can be raised to Rs 750 and the second to Rs 788.
The share price can rise. This depends on the performance of the company.
Also Read: TATA Steel Share Price Target
LIC Share Price Target 2024
LIC was declared as the leader of the Indian Life Insurance Company industry and the owner. It has an established distribution network, and a broad product portfolio. As of September 30th, 2021, the embedded value of LIC was Rs 5.396 billion crore.
LIC Insurance offers participation products and unit-linked insurance such as savings insurance products, medical insurance, term products and non-participating products such as pension and annuity products.
The product range is very diverse. Despite the high valuation, there is not much room for growth at this time.
In the next few years, it is expected to grow rapidly. If you consider LIC shares in this situation, 2024 could be a good year for both the company and its investors.
The first goal for this year is about Rs 824 and the second is Rs 11.25.
LIC Share Price Target 2025
LIC is a fundamentally strong company. LIC is concerned about losing market share to private companies.
To solve this problem, LIC must aggressively promote its products. LIC India has the capital to compete with any company on the market.
Just move in the right directions. LIC is currently most threatened by other well-known companies.
If LIC can increase its market share and maintain it, then reasonable targets can be achieved by 2025.
If we consider LIC share price target for 2025, the initial target for 2024 may increase to Rs 1250, and the next target may go up to Rs 1400.
We will inform you that agents of the firm sell insurance not only face-to-face, but also online. The company manages its advertising as well.
LIC Share Price Target 2026
LIC Company India is the life insurance company with the largest network of individual agents in India. The company operates 248 branch offices in India and 1,559 satellite office, which cover 91% of districts.
The total cost of the insurance industry is decreasing due to the consolidation, branch expansion, and cost rationalization.
The cost-to cost ratio of private companies remains higher than that of LIC, despite the higher cost and commissions in the commercial sector.
This means that even employees are prohibited from leaving work. The company is very attentive to even the smallest detail.
In this scenario, if we look at LIC share prices targets for 2026, the first target will be Rs 1400 and the second is Rs 1750.
Also read: IRFC Share Price Target
LIC Share Price Target 2030
India’s insurance industry has a lot of potential to grow over the years. However, India lags behind other developed countries with similar populations.
It is for this reason that it is anticipated that there will be an enormous opportunity in the near-future for companies to expand their business.
If the analysts’ predictions are taken seriously, then they are right on target; there is a great opportunity for the Indian Insurance Sector to grow between 16-17 percent over the next five year period.
As a result of the increase in income and awareness of insurance, the insurance market is growing rapidly.
Life Insurance Corporation of India is the biggest company in the insurance industry. It is a trusted choice by the public. LIC will be the most benefited from this expansion.
Consider the long-term, i.e. By 2030, this company is also expected to give a strong return.
If we are talking about LIC’s share price target 2030 then the first target for 2030 is Rs. 2900, and the second is Rs. 3500.
Important Factors of LIC Share Price
Finance Performance, Profitability and Financial Efficiency:
LIC’s revenue has grown consistently at an average rate of 16% annually over the last few years. LIC’s Net Income has steadily increased in the past financial year to Rs 1,087.933 Crore.
The stability of its financial position, and profitability, suggest that future growth could have a positive impact on its share price.
Economy and market conditions Perspective:
Insurance industry has experienced a rapid growth with a CAGR of 15 percent in the last five year.
It is clear that India’s economy will recover, and consumer confidence, as well as the demand for insurance products, will rise.
You can expect LIC shares to increase in value as a result of these circumstances.
Changes in government policies and regulations:
The FEMA’s latest amendment, which allows foreign direct investment up to 20 percent in LIC, has allowed for more capital inflows.
The regulatory changes could have a positive effect on the share price of LIC and boost its growth potential.
The competition within the Insurance Industry:
LIC, which has a 67% share of the Indian insurance market with a monopoly, is under increasing pressure from private players.
The growth rate of private life insurance companies was 18% CAGR between FY2016 and FY21. LIC’s rate was 9.9% CAGR during the same period.
The lack of a competitive strategy and LIC’s inability to develop a plan to compete with competitors is the main reason for this increase in competition.
The future growth of LIC may be affected by the increase in competition.
Examining the LIC’s Fundamentals:
Examine the financial ratios that are important to LIC and its performance.
Earnings per Share (EPS):
LIC’s EPS has grown consistently over the past five years. It averages around Rs 50. This is a sign that the company has the ability to generate stable earnings.
Return on equity (ROE):
LIC has maintained a consistently high ROE in the past few years of around 20%, proving that it is efficient at utilizing funds from shareholders to generate profits. A high ROE shows that the LIC manages assets well and creates value for its shareholders.
Price to Earnings (P/E) Ratio:
Currently the P/E of LIC is about 10, which means that there are investors who are willing to pay 10 times as much for its shares. This ratio can give you information on the market’s mood and what investors are expecting from LIC in terms of future growth.
Debt to equity ratio (D/E ratio):
LIC has zero debt. This shows a prudent capital structure in the financial industry and lower risks. It is a benefit to investors who are looking for long-term investment.
Technical Analysis of LIC Stock
Technical analysis can be used to provide additional information on the value of LIC’s shares. We’ll look at some of the most important indicators that can be used to assess LIC’s performance.
LIC Current Trend:
Looking closely at the LIC share price, it shows a mixed (overall downward) trend in the past twelve months. This is what experts call the price discovery stage, where the IPO stock moves up and down repeatedly until it reaches its right price.
LIC Price Trend:
It’s possible to expect a trend upwards if the LIC price surpasses resistance level 604 today. Secondly, the market appears bullish for the next few months. This is a positive.
Exponential Moving average 200 (EMA200):
EMA200 helps to identify long-term trend and levels of support/resistance.
Moving Average for LIC:
Currently, the price of LIC shares is approximately 633.25. This is below the EMA 200 at 622. This indicates a negative outlook for the short term.
Technical analysis indicates that there is a good chance of a trend reverse and further gains within the next few weeks.
Candlestick patterns can be used to predict a stock price using technical market indicators.
Future of Life Insurance Corporation of India (LIC) shares
Keeping in mind the growing opportunities in the insurance industry and the future of insurance, examining LIC’s operations from the perspective of the next decade, the company can be seen gradually shifting its focus towards digitalizing its operations, And the operations of LIC will be carried forward. Increase.
Businesses are expected to operate more quickly in the future. Under its new scheme, the Government of India promotes insurance as well.
The thriving insurance industry has also helped people to understand the importance of insurance in managing risks. In the near future, we will see an increase in market size.
Conclusion:
This is a comprehensive guide on LIC Share Price Target. You can learn about LIC, the businesses it operates and LIC Share Price Target for 2023,2024 2025,2026, 2030. We have also discussed in detail the future prospects for LIC. We have also discussed the potential for growth.
This information should help you understand the details of LIC’s share price so you can invest in future.
Please contact us if you have any queries. Please feel free to ask any questions. Share this article as widely as you can if you enjoyed it.
Disclaimer:
I would like to let you know that I am not authorized Broker by SEBI (Securities and Exchange Board of India). This site contains for education and information purpose only. It should not be taken as financial advice, or stock recommendations.
I am not liable for any financial losses you may incur as a result of the information on this website. I provide timely updates on the stock market and financial product to help you make better investment decisions. Take advice from your Broker or research yourself before investment. FAQs: Should I invest in LIC shares ?
Currently, the insurance industry has not developed as much. Experts believe this industry will grow rapidly in the future.
Who owns LIC ?
The Government of India is the owner of LIC.
Is LIC a good company to invest ?
ROE and ROCE have exceeded 80. The company has no debt. LIC is a great business because of its strong brand image.
What is the future price of LIC shares ?
Future prospects for LIC look bright, as the insurance industry will grow and LIC will experience growth.
How will LIC’s share perform in the future ?
LIC, as a reputable name in the industry, can profit from growing opportunities in the future. LIC shares are expected to provide good returns for shareholders.
Are LIC shares good for the long-term ?
There will be many changes in the future, including ups and downs, but LIC shares can provide shareholders with very stable and steady dividends.
What is the future for LIC shares ?
Estimates suggest that the company will grow rapidly in the next few years. If you consider LIC shares in this situation, 2024 could be a good year for both the company and its investors.
The company’s first goal for this year is about Rs 824 and its second is Rs 860.
What is LIC share price target in 2030 ?
The LIC company has continued to grow and be profitable. LIC Share Price Target 2030 Rs1232.00 LIC Share Price Target 2030 Rs1232.00 to further increase.
Is LIC’s market share declining ?
According to data released by the Life Insurance Council, the insurance giant Life Insurance Corporation of India has lost 58.50 percent of its market share in the year up until September 2023.
Why is LIC’s turnover so low ?
The value of the company has dropped by over Rs1.6 lakh crore, and is now Rs3.85 lakh. LIC reported a 50 percent decline in its standalone profits to Rs7.925 crores in the third quarter of FY24, due to a decrease in premium income.
Is LIC of India a successful company ?
Life Insurance Corporation of India posted a profit of Rs17.469 crores in H1FY24. This was the highest profit ever for an insurer, mainly due to accretion of non-available margins.
Transfer of Rs13 768 crore. The funds of policyholders participating in the scheme are transferred to the shareholder’s account.
Who is the largest shareholder in LIC ?
As of March 31, IDBI Bank remained LIC’s largest shareholder in percentage terms with 49.24 percent. The next four companies were LIC Housing Finance (45.24%), ITC (15.26%), NMDC Steel (14.16%) and MTNL (13.12%).
Is LIC a reputable company ?
LIC is consistently ranked as one of the top life insurers in India, based on market share and financial strength.
Why is LIC popular ?
The listing of Life Insurance Corporation of India was one of the biggest events of 2022 on the stock exchanges. It was not the first listing of an Indian insurance company, but the sheer scale and size of the operations was what generated excitement.
