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.
Life Insurance Corporation of India initial public offering was subscribed 1.79 times on the 5th day of bidding. The issue opened for subscription on Wednesda