LIC shares rise 3% as Motilal Oswal sees 20% upside

Shares of Life Insurance Corporation (LIC) of India gained nearly 3 per cent in early trade today after financial services firm Motilal Oswal initiated coverage on the insurance major. Motilal Oswal assigned a buy call to the LIC stock with a target price of Rs 830, 20 per cent higher than the previous close of Rs 692.50 on BSE.

LIC stock gained 2.78 per cent to Rs 711.75 against the previous close of Rs 692.50.

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