Shares of Life Insurance Corporation (LIC) of India have been experiencing a significant increase in value over the past four months. This surge in LIC’s share price can be attributed to the company’s strategic shift towards Non-Par products, which has resulted in substantial revenue growth. Analysts have set a target price of ₹1467 for LIC shares within the next 9-12 months. Additionally, LIC has recently announced a dividend payment of 40 per cent on each share, further increasing investor interest in the stock.

LIC’s Strategic Shift Drives Revenue Growth

LIC’s decision to focus on Non-Par products has proven to be a wise move as it has resulted in a significant boost in revenue for the company. Non-Par products are those that do not offer guaranteed returns, but instead, their performance is linked to market conditions. This strategic shift has appealed to investors who are seeking the potential for greater returns.

Target Price of ₹1467 in 9-12 Months

Financial analysts have evaluated the performance of LIC shares and have set a target price of ₹1467 for the stock within the next 9-12 months. This projection indicates that LIC shares are expected to continue their upward trajectory, making them an attractive investment option for many.

LIC Announces 40% Dividend Payment

LIC has recently declared a dividend payment of 40 per cent on each share. This means that shareholders will receive a portion of the company’s profits, further incentivizing investors to buy or hold onto their LIC shares. The dividend announcement has generated even more interest in the stock, contributing to its soaring share price.

Conclusion

The surge in LIC’s share price over the past four months can be attributed to the company’s strategic shift towards Non-Par products, resulting in impressive revenue growth. Analysts have set a target price of ₹1467 for LIC shares within the next 9-12 months, indicating positive expectations for the stock. Additionally, LIC’s recent announcement of a 40 per cent dividend payment has further incentivized investors. As a result, LIC shares have garnered increased attention and demand in the Indian stock market.

Sources: Mint, PSU stock target

Summary:

• Shares of Life Insurance Corporation (LIC) of India have been on the rise in the past four months
• LIC’s strategic shift to Non-Par products has driven revenue growth
• Financial analysts have set a target price of ₹1467 for LIC shares within the next 9-12 months
• LIC has announced a dividend payment of 40 per cent on each share