# LIC shares climb 1.66% after Q1 profit jumps 23%

2026-08-07T05:40:12+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 1 independent outlet

LIC shares closed 1.66% higher at ₹394 on the NSE on Friday, a day after the state-owned insurer reported a 23% rise in June-quarter net profit to ₹13,492 crore. Net premium income rose 7% to ₹1.27 trillion. Analysts upgraded targets after the company posted a record 22.9% Value of New Business margin, beating estimates by about 30% according to Jefferies. Brokerages including Motilal Oswal, JM Financial, Macquarie and Bernstein raised their price targets to between ₹480 and ₹550, citing improved product mix and the removal of overhang from a recent government stake sale. Total assets under management stood at ₹59.4 trillion.

## Coverage

- ndtvprofit.com <https://www.ndtvprofit.com/markets/lic-shares-rise-over-2-percent-on-healthy-q1-show-check-key-numbers-inside-11877566>
- thehindubusinessline.com <https://www.thehindubusinessline.com/markets/stock-markets/lic-shares-rise-18-as-analysts-upgrade-targets-after-record-vnb-margin-beat/article71316685.ece>

Tags: insurance, LIC, quarterly results, shares
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