LIC shares list at a discount

LIC shares list at a discount

Should you buy, sell or hold?

Should you buy, sell or hold?

LIC shares list at a discount. Should you buy, sell or hold?

Life Insurance Corporation of India (LIC) shares made a dull listing today on Indian bourses by opening at discount at ₹867

apiece on the BSE around 8.60 per cent lower from its upper price band of ₹949 per equity share.

However, for retail, policyholders and employees category allottees, listing discount is not as big as it is for anchor

and other category investors as LIC had announced ₹60 per equity share discount to LIC policyholders whereas ₹45 per share

discount to LIC employees and retail category investors.

What analysts recommend on LIC shares' weak listing According to stock market experts, allottees who applied for listing gains can hold the stock with stop loss at around ₹800

“LIC shares have opened at a discounted price only due to the negative secondary market sentiments.

Allottees, who have long-term view, can take this as an opportunity to accumulated on every 5 per cent dip

rom its listing price levels whereas fresh investors can start buying LIC shares in a calibrated manner till it is above ₹730 levels

said Anuj Gupta, ‪Vice President — Research at IIFL Securities.

Advising fresh investors to wait for some time, Ravi Singhal, Vice Chairman at GCL

Securities said, "Those who missed to apply for the LIC IPO are advised to wait for few sessions as it has opened at a discounted price only because of the weak stock market sentiments.

As that factor still exists, one should wait for the stock to stabilize and enter when there is big fall in LIC stock maintaining stop loss at ₹735 levels.

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LIC Share Lists at 9% Discount: Buy, Sell or Hold, What Should LIC Investors Do Now?

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