Is this the right time to invest in LIC
LIC Plans: If you have not been able to invest in LIC’s IPO and are still willing to invest, then this is your chance. This is because LIC’s stock is currently trending at a discount of 24 per cent.
LIC’s IPO was listed at 872, down 8% on May 17, 2022. At present, a large number of shares are being sold in the international market. As a result, the Indian stock market is falling. As a result, shares of large companies have become available at good prices.
At present, according to the experts, the stock of LIC is expected to rise. The stock has fallen 31 per cent so far. Hence there is a possibility of recovery in the stock.
Why LIC shares rise?
Brokerage house GP Morgan recommends overriding the stock. The target of the share has been increased to Rs 840 per share. JP According to Morgan, LIC is the largest life insurance company in India. The share price is low as the cost of new business of LIC is very high. At the same time, the government can withdraw its stake in LIC.