Lic Lic Share Price Today: Life Insurance Corporation (LIC) Shares opened upside for the third day in a row and surged on to hit an intraday high of Rs 678.80 Apice Levels, Logging Around 2 per Cent Rise on Wednesday Morning from YesS 665.20 per share. This happened after the LIC script scored the lowest level of all time of all time RS 650 per equity share in NSE on Friday.

According to the stock market experts, the increase in LIC shares like that must be treated as a bounce that may only arise because of a short cover. They said that LIC’s stock had shown towards the end of the locking period for anchor investors. They continue to add that the fundamentals of stocks are still weak and one must avoid taking a new position in life insurance stocks to provide escape.

JPMorgan has started coverage of LIC stock with an overweight attitude and target price of RS 840. “The thesis center at a price of 0.75 times LIC to the value embedded – the size of the market value of the current and future policies,” said the Global Broker.

The new business value LIC is only 1 percent of the applicable policies. Therefore, with 99 percent of the value of the old policy, we see 0.75x P/EV as too hard, not even have growth. In fact, LIC has taken a new growth, “said JPMorgan.

LIC recorded a 44 percent market share in FY22 but had lost market share for colleagues for the past five years, JPMorgan said in his report. Lic retail premiums grow faster than industry and above the 2019 level. LIC is focused on handling the white space of the portfolio. This makes the distribution encouragement also in other agencies and channels, opening upside down risks, “Mention the report. LIC works mainly for the previous national interest. The surplus is fully distributed to policy holders and the government. Changes in the current regulation ensure LIC maintains more benefits,” said JPMorgan .

In early June, the Emkay Global Financial Services broker initiated the scope of shares with a ‘resistant’ ranking with a target price of RS 875-up around 8 percent of that level.

Without this bifurkasi exercise, H1fy22 EV Lic will be a 1.25 trillion RS, not a 5.4 Lakh Crore RS. Furthermore, most of these EVs sit in the form of Mark-to-Market (MTM) profits in equity investment that supports non-PAR obligations, bringing EV sensitivity to the fluctuations in the equity market to a much higher level, “Emkay added.

Ravi Singh, Vice President and Head of Research, Sharing India, said: “LIC shares witnessed a short closing and made a little profit. However, this is not a reversal of trends and investors must wait for consolidation in shares before entering a new position. High -risk taste investors can hold their position. LIC business metrics and stocks will provide good investment returns at a lower level. The withdrawal at LIC can touch the level of RS 720 but is not continuous. Stocks look attractive to purchasing a value of around RS 650 – RS 620 only, for the long run. “