The stock of India’s largest insurer, LIC, is buzzing in the trading session today after several brokerages have initiated coverage on the stock. Bank of America has initiated coverage with an ‘Outperform’ rating and a target price of Rs 930/share, one of the highest among brokerage houses. JP Morgan also has an ‘Overweight’ rating on the stock with a target price of Rs 840/share. On the other hand, Goldman Sachs has a ‘Neutral’ rating on the stock with a target price of Rs 700/share. Largely, brokerages are bullish on the stock. To know about the factors that are driving these ratings, listen in.
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