Expert Opinion On LIC Share Price:
LIC IPO shares have been listed on BSE and NSE on 17 May. Investors have lost around Rs 82 per share.
According to many brokerage firms, the share price of LIC may increase in the coming days. Hence they are bullish on LIC shares.
According to Anuj Gupta, Vice President of Research at IIFL Securities, this stock can generate profits in the long run.
He believes that LIC's stock can go up to Rs 1200-1300 in a month. And investors can get a profit of 49.91% in a month.
Angel One Broking believes that investors can hold their position in LIC shares for a long period of time.
Hemang Jani, head of equity strategy, broking and distribution, Motilal Oswal, said retail investors are expecting some buying interest in the stock.
Foreign brokerage firm Macquarie has set a target of Rs 1000 for LIC shares. Macquarie has given it a neutral rating.
On May 17, LIC's shares were listed on BSE at a discount of Rs 81.80 i.e. 8.62% at Rs 867.20 per share.
LIC shares were listed on NSE at a discount of about Rs 77. LIC shares were listed at Rs 872, down 8.11%
There has been a flop listing of the shares of LIC. Investors suffered heavy losses on the very first day!
LIC IPO Flop Listing