By Kanchan Joshi | 05 Jul, 2022
LIC shares: Motilal Oswal initiates coverage with 'Buy' tag
Life Insurance Corporation (LIC) has maintained its market leadership position in the life insurance industry underpinned by its strong brand, vast distribution, and superior customer-connect despite the advent of a large number of private players.“LIC’s valuation at 0.7x FY24E EV appears reasonable considering gradual margin recovery and diversification in business mix though high sensitivity...