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LIC | Will the rising market tide lift this underperformer? | Stock of the day

The stock of Life Insurance Corporation of India has underperformed since its listing in May 2022. While the valuations of the largest insurer certainly point to more upside in the stock, there are few issues ranging from potential government interference, slower technology adoption and lower business growth amid stiff competition from private players. But the current valuation is more than pricing in the concerns which makes the risk-reward favourable for the stock. While LIC’s performance lags private peers on certain parameters, the insurer’s strategy and focus aims to overcome the concerns in the medium to the long term

December 18, 2023 / 10:01 IST
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Moneycontrol News
first published: Dec 18, 2023 10:01 am

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