LIC of India trying to make a comeback after consolidation.Life Insurance Corporation of India is the largest multinational insurance corporation and an institutional investor with an asset under management of more than 45 trillion INR. The company offers insurance plans, pension plans, unit linked plans, withdrawn plans and health plans with many other group schemes.
Life Insurance Corporation CMP is 635.75. Negative aspects of the company are declining cash from operations and MFs are decreasing stake. Positive aspects of the company are improving annual net profits, no debt and zero promoter pledge.
Entry after closing above 643. Target of the call will be 653 and 666. Long term targets in the stock will be 681 and 704. Stop loss in the stock should be maintained at closing below 595.
