the government is messing around LIC To maximize profits in a bid to maximize its product strategy to help the nation’s largest insurer realize its full growth potential and yield Better returns for investors, said an official.

life insurance corporation (LIC) is trading below the issue price of ₹949 per share since its listing on the stock exchanges on May 17. It is listed at ₹872. NSE, On Tuesday, the stock closed at ₹595.50, down 0.72% from the previous close.

Foreign brokerages, however, are excited to set a higher target price on LIC for the next year as they feel the insurer has good medium-term market potential, negligible high-risk assets and strong core operating. return on embedded value (ROEV).

City A research report dated October 14 had set a target price of ₹1,000 for LIC’s shares, which stated that LIC is ‘better positioned than mature global players’.