LIC Share Price History & Returns (2022 To 2024)
Show Table of Contents
Table of Contents
- 1: LIC Share Highlights
- 1.1: 52-Week High Low
- 1.2: All Time High
- 2: Short Info About LIC
- 3: LIC Recent Performance
- 4: LIC Share Price Chart From 2022 to 2024
- 5: LIC Share Price History Table From 2022 to 2024
- 6: Analyzing the Impact of Investing in LIC
- 6.1: LIC Share Returns In Last 5 Years
- 6.2: LIC Share VS FD (Normal) VS FD (Compounding)
LIC Share Highlights
As of Thu 21 Nov 2024, LIC Share price is ₹881.95 which is ₹340.05 below 52-week high of ₹1,222 and ₹274.25 above 52-week low of ₹607.7
52-Week High Low
- LIC 52-Week High is ₹1,222 occured on Thu 01 Aug 2024
- LIC 52-Week Low is ₹607.7 occured on Wed 22 Nov 2023
All Time High
- The all-time high or the highest price that LIC shares have ever touched was ₹1,222 and this occurred on Thu 01 Aug 2024.
- The highest closing price at which LIC shares have ever closed was ₹1,188.08 recorded on Tue 30 Jul 2024.
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Short Info About LIC
LIC: The Insurance Giant that Never Stops Growing
The life insurance business is just around 2 centuries old in India. Several individual companies managed the life insurance business for more than 140 years. Many went bankrupt, which made the Government of India nationalise the life insurance sector. Life Insurance Corporation of India was created by an Act passed by the Parliament in June 1956.
1956: LIC was incorporated, wholly owned by the Government of India
2022: It got listed on the Indian stock market.
Over 243+ insurance companies and provident societies were merged to form LIC, which became the sole life insurance provider in the country. LIC operates in various industries and categories, such as life insurance, health insurance, pension plans, etc. Various indices have LIC as their constituent, such as Nifty 50, Nifty PSE, etc.
With a strength of 13 Lakh+ agents, it has ensured that it reaches India’s remotest location. Considering the behemoth size of the company, it has spread its reach to Fiji, Mauritius, the United Kingdom, Singapore, etc.
There is not much information about its share price as it was listed in 2022. Let’s dive into the share price history of Life Insurance Corporation of India to see the price change since its listing.
LIC Recent Performance
Over the past 22 trading days, the value of LIC's stock has decreased by ₹51.14 (-5.48%). On 17 Oct 2024, its one share was worth ₹933.09 and by 21 Nov 2024, the value dropped to ₹881.95. During this period it created a highest high of ₹958.00 and lowest low of ₹872.00.
Below Image represents line chart of daily close price of LIC, helping you visualize how the price has changed day by day.
LIC Share Price Chart From 2022 to 2024
LIC Share Price History Table From 2022 to 2024
| Year | LIC | YOY Chg% | ↑High - ↓Low |
|---|---|---|---|
| 2022 | ₹684.60 | - | ↑ ₹817 ↓ ₹588 |
| 2023 | ₹832.50 | 21.6% | ↑ ₹843 ↓ ₹530 |
| 2024 | ₹881.95 | 5.9% | ↑ ₹898 ↓ ₹872 |
Analyzing the Impact of Investing in LIC
LIC Shares price in the year 2022 was ₹684.60. If you had invested ₹10,000 in LIC Shares in 2022, in 2 years, your investment would have grown to ₹12,882 by the end of 2024. This represents a positive return of 28.8% from 2022 to 2024, with a compound annual growth rate (CAGR) of 13.5%.
Also Read: Indian Oil Year Wise Share Price History From IPO to 2024
LIC Share Returns In Last 5 Years
- Its highest share price in the last 5 years was: ₹898.95 and lowest was: ₹530.04
- LIC Shares price in 2022 was ₹684.6
- By 2024, its share price rose to ₹881.95
- It gave a positive return of over 28% with a CAGR of 13.5% over the last 5 years
- If you had invested ₹10,000 in LIC in 2022 then in 5 years, your investment would have grown to ₹12,882 by 2024, which is 1.28 times of your initial investment.
LIC Share VS FD (Normal) VS FD (Compounding)
You might wonder which option is better: shares, fixed deposits (FDs) or compounding FDs. Let’s compare them and see how they differ.
- Shares: Units of ownership in a company can benefit from its profits or losses.
- FDs: Deposits you make with a bank or a financial institution for a fixed time and at a fixed interest rate.
- Compounding FDs: Similar to FDs but with one difference: the interest is reinvested into the principal amount instead of being paid out.
If you invested ₹10,000 rupees each in these 3 options in :
| Year | LIC Investment | FD Normal Investment | FD Compond Investment |
|---|---|---|---|
| 2022 | ₹10,000 | ₹10,000 | ₹10,000 |
Then today, your investment would have become this much in each option: | |||
| 2024 | ₹12,877.43 | ₹11,200 | ₹11,236 |
[Click/Touch on line to show data]
For more insights into LIC, explore these additional resources:-
Reference:
- NSE LIC share price
- Wikipedia Life Insurance Corporation of India – Wiki
- LIC of India LIC of India company history
