Shares of Life Insurance Corporation of India (LIC) on Friday finished with virtually 3 percent gains after the business reported a multi-fold enter its April-June quarter internet revenue to Rs 9,544 crore.
The supply finished at Rs 659.95 each, up 2.78 percent on the BSE. During the day, it climbed up 5.42 percent to Rs 676.95.
On the NSE, it progressed 2.85 percent to resolve at Rs 660 per item.
In quantity terms, 4.71 lakh shares of the business were traded on the BSE as well as over 52.54 lakh shares on the NSE throughout the day. The state-owned life insurance policy leviathan had an internet revenue of Rs 683 crore in the year-ago duration.
The complete revenue raised to Rs 1,88,749 crore for the June quarter as versus Rs 1,68,881 crore in the year-ago duration, LIC claimed in a regulative declaring on Thursday.
Net revenue from financial investments throughout the quarter increased to Rs 90,309 crore as contrasted to Rs 69,571 crore in the April-June duration of 2022-23.
On the property high quality front, gross non-performing possessions proportion reduced to 2.48 percent from 5.84 percent in the exact same duration a year earlier.
Read the complete write-up here