New Delhi, May 22 -- Shares of insurance behemoth Life Insurance Corporation of India (LIC) surged nearly 5% to a one-month high on the BSE in early trade on Friday, 22 May, as investors cheered another strong quarterly show by the company and upward revision in earnings estimates and target prices for the PSU stock.

LIC share price rose to the day's high of Rs.839 as against the last closing price of Rs.800.70, rising as much as 4.7%. However, for 2026 so far, the PSU stock remains 4% lower.

The insurance company last evening posted a 23% year-on-year (YoY) increase in net profit to Rs.23,420 crore in the March quarter, helped by core business and return on investment. LIC had posted a profit of Rs.19,013 crore in the corresponding qua...