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Abstract:LIC (NS:) stock surged by 7% today thereby reclaiming the market cap mark of Rs 5 lakh crore. It als
LIC (NS:) stock surged by 7% today thereby reclaiming the market cap mark of Rs 5 lakh crore. It also touched its 52-week high price of Rs 800. Now it is not too far from its IPO pricing of Rs 949.
According to InvestingPro+:
Strong earnings should allow management to continue dividend payments: Its dividend coverage ratio is better than its peers
Liquid assets exceed short-term obligations
However, there are some negatives of LIC that investors should be aware of, according to InvestingPro+:
RSI suggests the stock is in overbought territory
Suffers from weak gross profit margins
Net income is expected to drop this year
Trading at a high Price / Book multiple
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.