India's LIC rises after profit jump; brokerages highlight focus on new policy profits

Life Insurance of India

22/05/2026 04:52

** Life Insurance Corporation of India LIFI.NS shares rise 3.9% to 829.6 rupees

** Co posts 23% profit rise on strong group business, tax-cut boost

** Emkay Global raises TP to 1,100 rupees from 1,000 rupees, representing a 37.4% upside to the stock's last close; maintains 'buy' rating

     ** Says going forward, LIC may adjust or narrow its product mix, but management's focus remains on increasing the total profit expected from new policies

** Systematix Institutional Equities raises TP to 970 rupees; maintains 'buy'

** Says positive gains were offset by changes in operating assumptions; these changes were mainly due to GST rationalization, stronger persistency assumptions, and expense adjustments in certain business areas

** Nineteen of 23 brokerages rate the stock "buy" or higher; median PT is 1,010 rupees

** YTD, stock down 6.4% vs 10.1% fall in BSE Financial Services Index .BSESFIIP

 (Reporting by Abhinav Parmar in Bengaluru)

 ((Abhinav.Parmar@thomsonreuters.com;))