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Perspective on today’s debut of LIC on the exchange by Mr. Hemang Jani, Motilal Oswal
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Below is Perspective on today’s debut of LIC on the exchange by Mr. Hemang Jani, Head Equity Strategy, Broking & Distribution, Motilal Oswal Financial Services
“Though LIC listing has been below the issue price of Rs. 949, given the attractive valuations and stability in the markets, we expect some buying interest in the stock both from retail and intuitional investors. Since large amount of money has been released post listing of LIC, part of this money could get diverted into equity markets.”
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