Today, we’re going on a journey to explore the estimated LIC Share Price Target for the years 2023 to 2050. We will use our Research and the company’s growth prospects to make a prediction. By the end of our journey, you will have a better understanding of the expected LIC Share Price Target.
We will analyze the performance of the company’s shares in recent times and provide you with a well-researched LIC Share price target for 2023, 2025, 2030 to 2050. Additionally, we will also take into account analyst recommendations from various brokerage firms, including target high price, target low price, mean recommendation, and key recommendation.
Overview of LIC
| Name | Life Insurance Corporation of India |
|---|---|
| Symbol | LICI |
| Industry | Insurance and Investment |
| Type | Statutory Corporation |
| Founded | 1956 |
| CEO | M R Kumar |
| Headquarters | Mumbai, India |
| Country | India |
| Locations | Nationwide |
| Website | www.licindia.in |
| Profile | Life_Insurance_Corporation |
Keep an eye on LIC’s share price today with real-time updates, and examine its performance on the stock market through comprehensive charts that display the fluctuations in LIC’s share price.
Fundamentals of LIC
The fundamental analysis of LIC Limited focuses on key factors to better understand the company’s valuation. Various valuation techniques have been used, including the Price-to-Earnings Ratio (P/E), Price-to-Sales Ratio (P/S), Price-to-Book Value Ratio (P/B), Dividend Yield, and other Details.
LIC stands for Life Insurance Corporation of India, which is a statutory insurance and investment corporation founded in 1956 and headquartered in Mumbai, India. It is majority-owned by the Government of India and has assets under management (AUM) of over Rs. 41,00,000 crore and investments in more than 280 listed companies.
LIC offers a range of services including life insurance, pension plans, mutual funds, and investment management. LIC is the largest life insurance company in India and has a wide network of branches and agents across the country. The company has a strong financial position and has consistently delivered good returns to its policyholders. LIC’s investment portfolio includes a mix of equity, debt, and other instruments, and the company has a reputation for being a long-term investor.
Brokerage Firms
An effective method for evaluating the LIC share price Target is by examining research reports and analyses conducted by reputable financial institutions and brokerage firms.
| DATE | AUTHOR | TARGET | TYPE |
|---|---|---|---|
| 07 JUN 2023 | Geojit BNP Paribas | 727.00 | Buy |
| 30 MAY 2023 | ICICI Securities Limited | 917.00 | Buy |
| 29 MAY 2023 | BOB Capital Markets Ltd. | 775.00 | Buy |
| 06 APR 2023 | BOB Capital Markets Ltd. | 800.00 | Buy |
| 22 FEB 2023 | Geojit BNP Paribas | 765.00 | Buy |
| 13 FEB 2023 | ICICI Securities Limited | 917.00 | Buy |
Our Recommendation
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We will analyze the performance of the company’s shares in recent times and provide you with a well-researched LIC price target for 2023, 2025 to 2030, based on our Research knowledge and forecasting.
First, let’s take a look at some of the key financial metrics for LIC as of Q4FY23. According to the PDF file, LIC’s annualized premium equivalent (APE) grew 12.5% YoY to Rs. 56,682 crores, led by robust 21.6% YoY growth in group business and 6.6% YoY growth in individual par products. The value of the new business (VNB) grew 16.5% YoY and the margin expanded 110bps YoY to 16.2%. PAT came in at Rs. 13,191 crores in Q4FY23 (vs. Rs. 2,409 crores in Q4FY22), driven by gains on transfer from the policyholders’ account.
Taking all of these factors into account, we believe that LIC’s share price could reach a minimum target of ₹750 by the end of 2023. On the other hand, we believe that LIC’s share price could reach a maximum target of ₹850 by the end of 2023. Our reasoning behind this target is based on LIC’s strong financial performance, its attractive valuation, and its growth prospects.
For 2024, our minimum target for LIC’s share price is ₹850, while the maximum target is ₹900. The reason behind this is the company’s strong fundamentals and growth prospects. As per our analysis, LIC’s AUM is expected to grow at a CAGR of 12% over the next few years, driven by the increasing demand for insurance and investment products in India. Moreover, the company’s investments in listed companies are expected to generate higher returns, which will boost its profitability and share price.
Our minimum target for LIC’s share price in 2025 is ₹1000, while the maximum target is ₹1100. The reason behind this is the company’s expected growth in premium income and market share. As per our research, LIC’s premium income is expected to grow at a CAGR of 10% over the next few years, driven by the increasing demand for insurance products in India. Moreover, the company’s market share is expected to increase, as it continues to expand its distribution network and product offerings.
Our minimum target for LIC’s share price in 2027 is ₹1500, while the maximum target is ₹1600. The reason behind this is the company’s expected growth in its AUM and market share. As per our research, LIC’s AUM is expected to grow at a CAGR of 15% over the next few years, driven by the increasing demand for insurance and investment products in India. Moreover, the company’s market share is expected to increase, as it continues to leverage its brand and distribution network.
For 2030, our minimum target for LIC’s share price is ₹2000, while the maximum target is ₹2200. The reason behind this is the company’s expected growth in its investment portfolio, premium income, and profitability. As per our analysis, LIC’s investments in listed companies are expected to generate higher returns, driven by the expected growth in the Indian economy and the company’s focus on quality stocks.
Moreover, the company’s premium income is expected to grow at a CAGR of 12%, driven by the increasing demand for insurance products in India. Finally, the company’s profitability is expected to improve, as it continues to optimize its cost structure and improve its underwriting performance.
Looking ahead to 2050, we believe that LIC’s share price could continue to rise. our minimum target for LIC’s share price is ₹5500, while the maximum target is ₹10,000 by the end of 2050. Our reasoning behind this target is based on LIC’s strong fundamentals, its market position, and the overall growth potential of the Indian insurance sector.
We believe that the company’s expected growth in its AUM, premium income, and market share over the long term. As per our research, LIC is well-positioned to benefit from the expected growth in the Indian economy and the increasing demand for insurance and investment products. Moreover, the company’s strong brand, distribution network, and investment portfolio are expected to drive its growth and profitability over the long term.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2023 | ₹750 | ₹800 |
| 2024 | ₹850 | ₹900 |
| 2025 | ₹1000 | ₹1100 |
| 2026 | ₹1200 | ₹1300 |
| 2027 | ₹1500 | ₹1600 |
| 2030 | ₹2000 | ₹2200 |
| 2040 | ₹5000 | ₹5500 |
| 2050 | ₹5000 | ₹10000 |
– According to Google historical data, the price of LIC on 20 May 2022 was ₹286.15.
– As of 3 August 2023, the current share price of LIC is ₹648.45 Check out today’s current share price.
– Based on our analysis, the maximum share price target for LIC in 2023 could be ₹800.
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I would like to remind you that I am not authorized by SEBI to provide any financial advice or recommendations. As you know, Share price prediction is not an exact science, That’s why I am conducting in-depth research and using different AI tools to predict share prices. My purpose is only educational, and I am using AI to see what the future of the stock might look like.
Disclaimer– That these Share Price Targets for “LIC Share Price Target” is only provided for informational purposes only. It does not constitute a recommendation to buy, sell or hold LIC stock. Investors should conduct their own research and analysis and consult with financial experts before making any investment decisions— Sharedhan.com
