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Quote on LIC listing by Shivam Bajaj, Avener Capital
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Below is quote on LIC listing by Shivam Bajaj, Founder & CEO at Avener Capital
"Despite the reduction in the pre-IPO valuation of LIC, the scrip has still listed at a discount on the bourses which is in tandem with the diminution in insurance companies’ valuation and softness in the markets due to macro-economic constraints. However, given the attractive fundamentals, stability in operating metrics and expected recovery in the markets, we can potentially see some buying interest from investors''
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