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LIC Share Price Target: Shares of state-run LIC are in uptrend today (November 7) after the company reported 32 per cent surge in net profit during the second
quarter (Q2 FY2026). LIC shares opened in the green at Rs 910 against the previous close of Rs 896.10 on NSE. The counter extended the opening gains and went on to make an intraday high of Rs 936.95 -- up more than 4 per cent. At 2 PM, LIC shares traded firmly in the green to quote 3 per cent higher at Rs 931. As many as 60 lakh shares of the company changed hands around the same time. LIC shares today gained after two-day of consecutive fall. The stock is trading higher than all the key moving averages (5-day, 20-day, 50-day, 100-day and 200-day).
LIC Share Price Target After Q2 Results
Post Q2 results, Citi has maintained BUY rating on LIC shares with target price of Rs 1345. The target price implies an upside of more than 40 per cent.
Citi said that Q2 was strong with continued product mix realignment and improving sub-segment margins. It said that LIC's business mix shift is encouraging and that market share stabilization in individual APE key for re-rating.
The brokerage expects higher volumes to drive operating leverage and sustain VNB growth trajectory.
LIC Q2 Results
LIC on Thursday reported a 32 per cent jump in net profit to Rs 10,053 crore for the second quarter ended September 30, aided by a lower commission outgo. The country's biggest insurer had reported a net profit of Rs 7,621 crore in the year-ago period.
LIC's total income improved to Rs 2,39,614 crore in the latest September quarter compared to Rs 2,29,620 crore in the year-ago period. LIC said that its net premium income increased to Rs 1,26,479 crore in the second quarter of the current fiscal from Rs 1,19,901 crore in the same period a year ago.
During the quarter, renewal premium moved up to Rs 64,996 crore as against Rs 61,910 crore in the same period a year ago. However, first year premium during the period fell to Rs 10,836 crore from Rs 11,201 crore in the second quarter of last financial year.
For the first half ended September 2025, LIC recorded profit growth of 16.36 per cent to Rs 21,040 crore compared to Rs 18,082 crore for the half year ended September 30, 2024.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
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