LIC stock hits 52-week low; down 34% from August high

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LIC stock hits 52-week low; down 34% from August high - Business Standard

Quick Summary:

Poor retail new biz trends, the Insurance Amendment Act proposal of opening up the individual agents, and the risk of sunset of the Old Tax Regime to keep LIC shares range-bound, believe analysts.

The fall in LIC’s premium was due to a significant decline in its group single premium which halved to Rs 8,191.29 crore in December from Rs 17,601.97 crore last year.

Individual non-single premium dropped to Rs 2,628.74 crore from Rs 3,111.33 crore, the Business Standard reported.“While LIC is now cheap at 0.6x FY26e EV after adjusting for MTM losses.