LIC | Motilal Oswal initiates coverage with a ‘Buy’ rating!
2Another day and another initiation for LIC, India’s largest life insurer. LIC’s stock is buzzing in the trading session today after Motilal Oswal initiated coverage on the stock with a ‘Buy’ rating and a target price of Rs 830/share. In their opinion, LIC has maintained market leadership accounting for 63% of the total New Business Premium (NBP). In fact, Motilal Oswal expects LIC to deliver about 10% CAGR in New Business Premium over FY22-FY24. LIC is valued at 0.7x FY24E Embedded Value which appears reasonable considering gradual recovery in margins. For more details, listen in to what Vamakshi Dhoria has to say.
#LIC #MotilalOswal #Shares
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