LIC has a consensus 'buy' rating from the analysts, with 12 out of 15 experts having a 'buy' or 'strong buy' rating, while three analysts have a 'hold' rating on the stock.
Retail investors and company employees, who received a discount of Rs 45 per shares, are sitting at a wealth erosion of 37 per cent from their adjusted issue price of Rs 904.
LIC stock was trading 0.31% higher at Rs 551 against the previous close of Rs 549.30 in early trade today. Market cap of the firm stood at Rs 3.48 lakh crore.
LIC stock was trading 0.31% higher at Rs 551 against the previous close of Rs 549.30 in early trade today. Market cap of the firm stood at Rs 3.48 lakh crore.
LIC vs HDFC Life Insurance: LIC stock has disappointed investors since its market debut. The shares of India's largest insurance company have slipped over 31 per cent below their listing price.