LIC shares drop over 3% after earnings
The Hindu
The insurer had posted a 17% decline in Q4 consolidated net profit to ₹2,409 cr.
Shares of LIC on Tuesday declined by more than 3% after the company posted a 17% decline in consolidated net profit for the fourth quarter ended March.
The stock declined 3.05% to settle at ₹811.50 on the BSE. During the day, it tanked 3.23% to ₹810.
At the NSE, it fell by 3.21% to end at ₹810.85.
In volume terms, 2.22 lakh shares were traded at the BSE and over 43.73 lakh shares at the NSE during the day.
Insurance behemoth LIC on Monday posted a 17% decline in consolidated net profit to ₹2,409 crore for the fourth quarter ended March.
The insurer had earned a profit of ₹2,917 crore in the same quarter a year ago.
This is the first-ever quarterly result of LIC after being listed on bourses earlier this month.
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