Weekly Fin-Fun Newsletter #110
Happy New Year, Markets, Stock of the week, ETFs & Stocks of 2023 Contro Movies, God Father of AI and more..
Wishing you all a happy, joyous & prosperous New Year 2024. May this year be your stepping stone to Financial Freedom with abundant investment opportunities.
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Markets this Week
Nifty continues to outperform Gold, Oil and Bonds
After 600 pointer moves, Nifty cooled down in last 30 mins today.
Stock of the Week
LIC above 860 levels - Long term only
LIC = India
Life Insurance Corporation (LIC) is the largest insurance provider company in India. It has a market share of above 66.2% in new business premium. The company offers participating insurance products and non-participating products like unit-linked insurance products, saving insurance products, term insurance products, health insurance, and annuity & pension products.[1]
KEY POINTS
Largest Insurance Company[1] LIC, owned by \ Government of India, is India's largest life insurance company with a history of over 65 years and a 61.6% market share in terms of premiums, 61.4% in New Business Premium, 71.8% in a number of individual policies issued, 88.8% in a number of group policies issued for 9MFY2022.
LIC is ranked fifth globally[2] by life insurance GWP and 10th globally in terms of total assets. It is the largest asset manager in India with an AUM of Rs 40.1 lakh crore as of Dec 2021, which is 17.0% of India's GDP. Its investments in listed equity represented around 4% of the total market capitalization of NSE and more government bonds than the RBI.
Perks
D/E is 0.0
DII have increased their stakes by 0.01% in the latest quarter (0.76% to 0.77%)
Free Cash Flow yield is 10.43%
FII have increased their stakes by 0.02% in the latest quarter (0.08% to 0.1%)
P/E of 13.44 which is lower than Industry P/E of 42.47
Net Profit Margin (PAT Margin) 7.56% has improved as compared to last year's NPM 0.96%
P/E ratio is 13.44
PEG ratio is 0.1
3 Years Profit CAGR is 136.81%
Annual Profit has grown over by 772.71%
Promoters + FIIs + DIIs hold 97.37% in the company
Retail/Public have reduced their stakes by 0.03% in the latest quarter (2.59% to 2.56%)
ROCE is 124.62%
ROCE 124.62% is above the 5 years ROCE average 34.9%
ROCE 124.62% has increased as compared to last year's ROCE 45.59%
ROE is 124.33%
ROE 124.33% has increased as compared to last year's ROE 45.16%
Movie of the Week
Controversial Movies
Interesting Tweets and Reads
Small and Mid-Cap - winners in 2023
