Abstract:LIC (NS:) stock surged by 7% today thereby reclaiming the market cap mark of Rs 5 lakh crore. It als
LIC (NS:) stock surged by 7% today thereby reclaiming the market cap mark of Rs 5 lakh crore. It also touched its 52-week high price of Rs 800. Now it is not too far from its IPO pricing of Rs 949.
According to InvestingPro+:
Strong earnings should allow management to continue dividend payments: Its dividend coverage ratio is better than its peers
Liquid assets exceed short-term obligations
However, there are some negatives of LIC that investors should be aware of, according to InvestingPro+:
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