InvestorQ : What to do with shares of GIC & New India assurance which I got in IPO? Both these stocks are languishing below their IPO prices .Is it worthwhile to hold them to regain their IPO price & then sell them or dispose off now?
Rajesh Golani made post

What to do with shares of GIC & New India assurance which I got in IPO? Both these stocks are languishing below their IPO prices .Is it worthwhile to hold them to regain their IPO price & then sell them or dispose off now?

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sarah Leo answered.
6 months ago
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Most of these state owned insurance companies are likely to give good returns only if there is a serious move to divest government stake. I am not sure how much longer you have to wait, but if you are looking at insurance prefer life insurance and the best bets are SBI Life and HDFC Life at these prices.

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