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LIC Share Price History & Returns (2022 To 2024)

LIC Share Price History & Returns (2022 To 2024)

Updated: Fri 19 Apr 2024

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LIC Share Highlights

As of Fri 19 Apr 2024, LIC Share price is ₹973.29 which is ₹201.71 below 52-week high of ₹1,175 and ₹430.29 above 52-week low of ₹543

52-Week High Low

  • LIC 52-Week High is ₹1,175 occured on Fri 09 Feb 2024
  • LIC 52-Week Low is ₹543 occured on Thu 27 Apr 2023

All Time High

  • The all-time high or the highest price that LIC shares have ever touched was ₹1,175 and this occurred on Fri 09 Feb 2024.
  • The highest closing price at which LIC shares have ever closed was ₹1,105.25 recorded on Thu 08 Feb 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 23 trading days, the value of LIC's stock has increased by ₹14.79 (+1.54%). On 14 Mar 2024, its one share was worth ₹958.50 and by 19 Apr 2024, the value jumped to ₹973.29. During this period it created a highest high of ₹1016.34 and lowest low of ₹865.00.

Below Image represents line chart of daily close price of LIC, helping you visualize how the price has changed day by day.

LIC Recent Daily Close Chart
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LIC Share Price Chart From 2022 to 2024

LIC Share Price History Table From 2022 to 2024

LIC Share Price History Table From 2022 to 2024

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YearLICYOY Chg%↑High - ↓Low
2022₹684.60-

↑ ₹817

↓ ₹588

2023₹832.5021.6%

↑ ₹843

↓ ₹530

2024₹973.2916.9%

↑ ₹1175

↓ ₹819

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 ₹14,216 by the end of 2024. This represents a positive return of 42.1% from 2022 to 2024, with a compound annual growth rate (CAGR) of 19.2%.

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Also Read: Indian Oil Year Wise Share Price History From IPO to 2024

LIC Share Returns In Last 5 Years

LIC Share Returns In Last 5 Years
  • Its highest share price in the last 5 years was: ₹1,175 and lowest was: ₹530.05
  • LIC Shares price in 2022 was ₹684.60
  • By 2024, its share price rose to ₹973.29
  • It gave a positive return of over 42% with a CAGR of 19.2% 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 ₹14,216 by 2024, which is 1.42 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.
To help you make a well-informed decision, we have prepared a handy table that compares the returns of LIC Share with both FD choices over time.


If you invested ₹10,000 rupees each in these 3 options in :

YearLIC InvestmentFD Normal InvestmentFD Compond Investment
2022₹10,000₹10,000₹10,000

Then today, your investment would have become this much in each option:

2024₹14,215.04₹11,200₹11,236



[Click/Touch on line to show data]


For more insights into LIC, explore these additional resources:-

Reference:

 


Disclaimer: Information is provided ‘as is’ and solely for informational and educational purposes, not for trading purposes or advice. We highly recommend to do your own research before making any investment.

About The Author

Nippun

Hi, I’m Nippun, a tech enthusiast from Haryana, India. I have been coding since 2010 and using my coding skills in the share market since 2020. I have been coding scripts in Pinescript that work on Tradingview app/web. I love learning about new technology and applying it to solve real-world problems. Coding and share-market are my passions, and I enjoy finding and fixing bugs in code. I aim to share my skill set and experience that can positively impact society. Feel free to connect with me, and let’s learn from each other. My Twitter