LIC Growth Headwinds Give Way To Brokerages’ Optimism On Long-Term Recovery

Citi has lowered LIC’s target price to Rs 1,180 from Rs 1,385, while maintaining its ‘buy’ rating after the third quarter results. The decline in VNB was driven by a 24% drop in APE, but Citi remains optimistic about LIC’s future growth prospects, especially with the ongoing shift towards…