LIC's falls on exchange debut: Here's what analysts have to say
Zee News
Shares of much-anticipated Life Insurance Corporation of India (LIC) made a weak listing on the stock exchanges on Tuesday.
New Delhi: Shares of much-anticipated Life Insurance Corporation of India (LIC) made a weak listing on the stock exchanges on Tuesday.
The Indian insurance major listed on the stock exchanges at a discount of over 8 per cent at Rs 867, as against its issue price of Rs 949.
Here's what some of the analysts have to say about post the listing:
Shivam Bajaj, Founder and CEO at Avener Capital
"Despite the reduction in the pre-IPO valuation of LIC, the scrip has still listed at a discount on the bourses which is in tandem with the diminution in insurance companies` valuation and softness in the markets due to macro-economic constraints."