LIC stock: After 10% rally last week, Emkay raises target price to Rs 850

LIC stock: After 10% rally last week, Emkay raises target price to Rs 850

Notwithstanding the 10% upside seen in shares of Life Insurance Corporation of India (LIC) last week, broking firm Emkay Global has increased its target price on the PSU insurance stock to Rs 850 from Rs 760 earlier. “Even after the recent upmove in LIC shares, we maintain our stance that valuation remains attractive and prices-in … Read more