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Life Insurance Corp is forecasted to show mid single-digit profit growth in Q3 FY24, despite a likely decline in annual premium equivalent. Analysts predict a 5% YoY profit increase, while APE might drop by 19%. The stock currently faces downward pressure, trading below key moving averages.
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News and Media
Around 233 companies, including M&M, LIC, and Mazagon Dock, are set to announce Q3 earnings. M&M is expected to report a solid growth led by auto and farm segments, while LIC may see a slight increase in profitability but a drop in annual premium equivalent.
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News and Media
Sensex and Nifty declined amid caution ahead of the RBI's monetary policy announcement and foreign fund outflows. Analyst Kushal Gandhi advises against purchasing LIC and M&M due to weak trends and increased volatility, but recommends purchasing Grasim as its intermediate trend shows signs of improvement.
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News and Media
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