December 4, 2022

Dealer’s name: LIC (Maintain) – The Hindu BusinessLine

Brokers call LIC Hold The Hindu BusinessLine

Brokers call LIC Hold The Hindu BusinessLine

Goal: ₹750

CMP: ₹638.85

For H1-FY23, LIC reported a blended efficiency, the place 36.7 per cent y-o-y APE progress (Retail APE: 20.7 per cent YoY and Group APE: 67.5 per cent YoY) and VNB margin of 14.6 per cent had been higher than our estimates, however the EV of ₹5.44 lakh crore was 3 per cent under our estimates and largely flat (+0.85 per cent y-o-y and +0.5 per cent in H1FY23).

PAT at ₹16,600 crore was means above our estimates, as the corporate selected to switch surplus ₹143bn from its non-par…

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