Shares of Life Insurance Corporation of India (LIC) have seen a notable increase, gaining 6% over two sessions to reach an intraday high of ₹813 on the Bombay Stock Exchange. This rise follows the company's announcement of a 1:1 bonus issue, where shareholders will receive one additional share for each existing share held, with May 29 designated as the record date for eligibility. In its fourth quarter of FY26, LIC reported a consolidated net profit of ₹23,467 crore, reflecting a 23% year-on-year growth, while net premium income rose by 12% to ₹1.65 lakh crore. Various brokerages have weighed in on the stock; Citigroup maintains a 'Buy' rating with a target price of ₹1,475, citing strong performance in non-par products and favorable yield curves. Bernstein has a 'Market Perform' rating with a target of ₹900, while JM Financial has raised its target price to ₹960, emphasizing LIC's diversifying product mix and improving margins. Despite a recent uptick, the stock is down 7% over the last six months.