LIC is can defensively insure your portfolioLife Insurance Corporation of India or LIC engages in the provision of insurance plans. It operates through the following segments: Life Business, Pension Business, Annuity Business, Variable Business, Health Business, and Linked Business.
Life Insurance Corporation of India CMP is 985.50. The positive aspects of the company are Attractive Valuation (P.E. = 15), Company with No Debt, Stocks Outperforming their Industry Price Change in the Quarter, MFs increased their shareholding last quarter, FII / FPI or Institutions increasing their shareholding and High Volume, High Gain. The Negative aspects of the company are Declining profits every quarter for the past 2 quarters, Companies with high market cap, lower public shareholding.
Entry can be taken after closing above 990 Targets in the stock will be 1034, 1070 and 1100. The long-term target in the stock will be 1134, 1161 and 1190. Stop loss in the stock should be maintained at Closing below 877 or 818 depending upon your risk taking ability.
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