Buy Life Insurance Corporation, target price Rs 1,200: Motilal Oswal Financial Services

economictimes.indiatimes.com:

buy call on Life Insurance Corporation of India with a target price of Rs 1,200. The current market price of Life Insurance Corporation (LIC) is Rs 932.3. LIC, incorporated in 1956, is a Small Cap company with a market cap of Rs 590723.16 crore, operating in Financial Services sector.
Life Insurance Corporation of India's key products/revenue segments include Premiums Earned and Other Operating Revenue for the year ending 31-Mar-2024.

Financials For the quarter ended 30-09-2024, the company has reported a Consolidated Total Income of Rs 231926.41 crore, up 8.91% from last quarter Total Income of Rs 212953.15 crore and up 14.59% from last year same quarter Total Income of Rs 202394.91 crore. The company has reported net profit after tax of Rs 6249.03 crore in the latest quarter.
Investment Rationale

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