InvestorQ : How has LIC performed post the LIC listing and what do you suggest?
Dia Deshpande made post

How has LIC performed post the LIC listing and what do you suggest?

Answer
image
swati Bakhda answered.
8 months ago
Follow

LIC was the big talk of town but it hardly had the kind of ***** tale debut that the investors were look for. Everything was actually favourable for the stock, including its market share, its growth and its franchise. However, that has not translated into price performance for the stock. On Monday, the 06th of June, the LIC stock actually ended up hitting its lowest level of Rs786 with almost no let-up in selling on the LIC counter.

During the day, the market cap of LIC fell below the Rs5 trillion mark and it is struggling to hold its position among the 10 most valuable stocks in India by market value. Ironically, the other large company that listed at the same time, Delhivery, has done fairly well post listing. LIC is nearly 17% lower than the issue price of Rs949, although policyholders and retail investors may be better off due to the discounts. Brokers are starting to initiate buy reports on LIC due to its elevated embedded value, but remains to be seen if investors buy the story.

10 Views