Pravesh Gour, senior technical analyst, Swastika Investmart, said new market entries like health and micro insurance can diversify revenue streams and attract new customer segments. LIC’s leading position in life insurance, attractive valuation, and tailwinds like rising domestic savings and growing life insurance awareness paint a positive outlook. As the largest domestic institutional investor in India, holding stakes in over 260 companies, LIC could further benefit from the recent rally in PSU stocks, added Gour. The further movement may depend on its Q3FY24 earnings, which will be announced on February 8, 2024. Read more:
