LIC is at an all-time low; Drops 35% from the issue price
Updated: 02 Oct 2022, 10:03 AM IST
TL;DR.The market share of LIC moved to 65.42% in the June-ending quarter from 63.25% in Q4 of last fiscal. LIC's assets under management as on June 30, 2022, grew by 7.57% to ₹41.02 lakh crore as compared to ₹38.13 lakh crores as on March 31, 2022.
Axis Capital said that LIC is shifting to more profitable segments and is trading at a significant discount to its listed private peers, which are huge positives.