Despite a shaky market, Life Insurance Corporation of India (LIC) shares are defying the downturn, rocketing upwards and proving to be a shining star for investors. While the broader market experienced a second consecutive day of weakness, with the BSE Sensex dipping, LIC’s stock witnessed a remarkable surge, trading up by 7.40% at ₹935.70. This impressive performance comes on the heels of the company’s stellar financial results for the January-March quarter of fiscal year 2024-25. LIC announced a whopping 38% increase in its net profit, reaching ₹19,013 crore, compared to ₹13,763 crore in the same quarter last year. This significant jump in profitability is the primary driver behind the stock’s robust upward trajectory. Adding to the good news, LIC has also declared a dividend of ₹12 per share for its shareholders, pending approval at the upcoming Annual General Meeting (AGM), further sweetening the deal for investors.

While the income from new policy premiums saw a decrease, falling to ₹11,069 crore in the March 2025 quarter from ₹13,810 crore in the prior year, LIC’s overall premium income experienced a healthy boost. The company’s total premium income for the January-March 2024 period rose to ₹79,138 crore from ₹77,368 crore, primarily due to an increase in income from renewed policies. This indicates a strong base of existing policyholders who are continuing their association with LIC, contributing significantly to the company’s financial health. Looking at its recent performance, LIC’s stock has delivered impressive returns: a 13.75% gain in the last two weeks, a 16.37% return over the past month, and a substantial 26.28% return in the last three months. The stock’s 52-week high stands at ₹1,221.50, with a 52-week low of ₹715.35, highlighting its current upward momentum.