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.
Shares of LIC on Thursday climbed nearly 4 per cent after the company posted more than five-fold jump in consolidated net profit at Rs 13,191 crore for the fourth quarter ended March 2023.
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.