Motilal Oswal has given LIC a target price of Rs 830 (LIC Share Target Price). This means that according to the brokerage firm, the stock of LIC can climb up to 20 percent in the coming time.
Government insurance company LIC may have disappointed the investors after the recent IPO, but there is still a lot of potential left in it. Brokerage firm Motilal Oswal has recently started providing coverage to it. Motilal Oswal has started the coverage with ‘BUY’ rating. Motilal Oswal says that LIC’s valuation is logical according to 70 percent of the LIC Embedded Value.
LIC share can climb so much
Talking about today’s business, LIC’s share was trading at Rs 708 with a rise of 2.25 per cent on BSE at 01 pm. At one time during the business, it went up to Rs 712.50 with a rise of about 03 percent. Against this Motilal Oswal has given LIC a target price of Rs 830 (LIC Share Target Price). This means that according to the brokerage firm, the stock of LIC can climb up to 20 percent in the coming time.
Motilal Oswal hopes for this reason
Motilal Oswal expects that there will be a gradual recovery in LIC’s margin. “LIC has retained the first position in the life insurance market despite a different strategy than private players in terms of distribution, product mix, high mix of single premium and heavy dependence on group business,” the firm said. Motilal Oswal feels that due to this, the prospects for LIC are better in the coming times, which will be reflected in the performance of the stock.
Right now so much recovery from lifetime low
LIC’s stock is currently trading well above its Lifetime Low. In the past, this stock had made a new lifetime low level of Rs 650 (LIC Share Lifetime Low). In comparison, it is now trading with a strength of about 9 percent. Although still the market cap of LIC (LIC MCap) is less than Rs 5 lakh crore. According to the upper band of the issue price of the IPO, the value of LIC was Rs 6,00,242 crore. Right now its value is around Rs 4.47 lakh crore.
Emkay Global had given this target
The price band of Rs 902-949 was fixed for LIC’s IPO. On the very first day, LIC’s stock had fallen by up to 13 per cent and it was finally settled at Rs 867.20, down 8.62 per cent i.e. Rs 81.80. It is currently more than 25 per cent below the issue price. A few days back, brokerage firm Emkay Global started the coverage of LIC. The firm had given LIC a target price of Rs 875 with a hold rating.
Motilal Oswal expects that there will be a gradual recovery in LIC’s margin. “LIC has retained the first position in the life insurance market despite a different strategy than private players in terms of distribution, product mix, high mix of single premium and heavy dependence on group business,” the firm said. Motilal Oswal feels that due to this, the prospects for LIC are better in the coming times, which will be reflected in the performance of the stock.
Right now so much recovery from lifetime low
LIC’s stock is currently trading well above its Lifetime Low. In the past, this stock had made a new lifetime low level of Rs 650 (LIC Share Lifetime Low). In comparison, it is now trading with a strength of about 9 percent. Although still the market cap of LIC (LIC MCap) is less than Rs 5 lakh crore. According to the upper band of the issue price of the IPO, the value of LIC was Rs 6,00,242 crore. Right now its value is around Rs 4.47 lakh crore.
Emkay Global had given this target
The price band of Rs 902-949 was fixed for LIC’s IPO. On the very first day, LIC’s stock had fallen by up to 13 per cent and it was finally settled at Rs 867.20, down 8.62 per cent i.e. Rs 81.80. It is currently more than 25 per cent below the issue price. A few days back, brokerage firm Emkay Global started the coverage of LIC. The firm had given LIC a target price of Rs 875 with a hold rating.
