Start Filing Your ITR Now
Our plans start from ₹ 499/-

LIC Share Price Target From 2024 to 2030

I am thrilled to bring the comprehensive report of LIC Share Price Target from 2024 to 2030. In the life of an investor, I am well aware of the need for logical and meticulous research and professional analysis in evaluating investment alternatives. On this blog, I'm going to make out essential information about the target price of LIC for the next seven years. Essential for my approach are facts based on the company's development, overall performance, and ultimate potential, which make it possible for you to manage the capital investment looking for.

What Is LIC Limited?

LIC Limited, also known as Life Insurance Corporation of India, is an insurance company of the government of India and an investment corporation formed out of its own funds. We pride in our growth since inception in 1956, LIC still remains as the largest and the main company in the country insurance sector.

Overview of LIC Share Price

LIC is a well-known brand with a presence in the local market and many different products of insurance in its portfolio. It is a company that is extensively covered by non-life insurance companies in India, and LIC is of the companies significantly covered also, providing protection to millions of people.

  • MARKET CAP: ₹5.799LCr

  • OPEN: ₹931.00

  • HIGH: ₹934.85

  • LOW: ₹911.90

  • P/E RATIO: 13.84

  • DIVIDEND YIELD: 1.09%

  • 52 WEEK HIGH: ₹1222.00

  • 52 WEEK LOW: ₹598.25

LIC Share Price Target (2024-2030)

By and large, LIC shares appear to have been viable over a period. In the end, take a look at the expected performance:

YEAR SHARE PRICE TARGET
2024 ₹1177
2025 ₹1242
2026 ₹1342
2027 ₹1464
2028 ₹1512
2029 ₹1642
2030 ₹1732

How to Purchase LIC Share Price

I only found that you can acquire LIC shares through various trading platforms, including Zerodha, Upstox, Groww, and Angel One.

Peer Companies For LIC Share Price

LIC has the top position having been the first and most substantial company in the insurance and financial services sector.

  • HDFC Life Insurance

  • SBI Life Insurance

  • ICICI Prudential Life Insurance

  • Max Life Insurance

Advantages and Disadvantages For LIC Share Price

Advantages For LIC Share Price:

  • Its status as a super brand and its worldwide acknowledgment.

  • Government funding through budgets that are balanced would offer security and expansion.

  • Consistent revenue growth and profitability.

Disadvantages For LIC Share Price:

  • Market risks and interest rate variability bring potential dangers for the company.

  • The market for insurance entails difficulties from all competition and pricing pressure.

FAQ For LIC Share Price

Who is the owner of LIC Limited?

The government of India is the owner of LIC Limited.

Should I invest in LIC Share right now?

The market is very promising and the economy is on a rise, the company has had a constant upward spiral financially, and the complete support of the government are some of the factors which make me believe that LIC shares will be a successful long-term investment.

What is the future growth of LIC?

LIC's presence and reach of its insurance products is the main focus behind future growth.

All in all, the assertion is fully true that LIC is a keen and healthy player in the insurance sector; it makes for powerful financial health alongside really good chances that the future holds. As per my analysis, LIC stocks are anticipated to gain the positive momentum in the next years. The investment of LIC shares could be a bright choice for a far-sighted investor.

Disclaimer: This article is written for informational purposes only, do not consider it as any investment advice.

author

The Tax Heaven

Mr.Vishwas Agarwal✍📊, a seasoned Chartered Accountant 📈💼 and the co-founder & CEO of THE TAX HEAVEN, brings 10 years of expertise in financial management and taxation. Specializing in ITR filing 📑🗃, GST returns 📈💼, and income tax advisory. He offers astute financial guidance and compliance solutions to individuals and businesses alike. Their passion for simplifying complex financial concepts into actionable insights empowers readers with valuable knowledge for informed decision-making. Through insightful blog content, he aims to demystify financial complexities, offering practical advice and tips to navigate the intricate world of finance and taxation.

Subscribe to the exclusive updates!