LIC IPO Listing from Mr. Girirajan Murugan, CEO of FundsIndia

by Suman Gupta

“LIC is a long-term play in the Insurance sector and investors should not look at listing gains alone. Any opportunity to add into LIC at a price lower than the IPO price should be used to invest more for the long term. There may be a bit of retail selling today due to the current sentiments in the overall market, but the long term fundamentals of LIC remain intact. 

Once the dust settles on the market due to the ongoing issues related to Ukraine- Russia war and the worries on the Inflation front, stocks in the Insurance sector along with other beaten down stocks in the Banking/ NBFC space should see good momentum.”