But Kumar’s straight talk and favourable analysts’ estimates for the stock are yet to convince investors. On June 30, LIC failed to announce the embedded value for the previous quarter, despite clear promises by the management earlier. LIC declined to participate in this story.“All of these issues take away investors’ confidence in the stock. This mindset of the corporation needs to change,” says Singh, a private insurance expert.LIC’s Kumar has been talking about making that shift in focus towards non-par products and ULIPs. They have used a 0.9x June 23 P/EV multiple to arrive at the LIC stock target price.

Source: Forbes July 04, 2022 11:13 UTC