FundamentalsMkt Cap₹4,40,378CrP/B Ratio38.84Div Yield0.22%Industry P/E12.32Book Value17.935 more rows
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Is LIC a good investment?
Benefits of purchasing LIC Policy Government-owned – LIC comes with the sovereign guarantee of the Indian government, which makes its offerings a safe and reliable investment. Tax Benefits – Policyholders can enjoy tax deductions on the premium amount under Section 80C of the Income Tax Act, 1961.
LIC business metrics are good and the stock will give good returns on investment at lower levels. The momentary pullback in LIC can touch the levels of Rs 720 but is staking not sustainable. The stock looks attractive for value buying around Rs 650 – Rs 620 levels only, for long term.”