LIC shares rally up to 5% after mixed Q1 results, dividend announcement
The company’s profit after tax (PAT) soared 13-times to Rs 9,544 crore in the April-June quarter compared to Rs 683 crore in the corresponding period a year ago. The profit growth was aided by transfers from Non-Par funds to shareholders accounts.
Shares of LIC were trading at Rs 661.60 apiece, up 3.03 per cent, on BSE at 10:49 AM.