Bernstein has reiterated its ‘Market Perform’ rating on Life Insurance Corporation (LIC), setting a target price of ₹1,190, indicating a potential upside from the current market price of ₹915.55. Key highlights from Bernstein’s outlook include:
- Q2FY25 Performance: LIC reported strong growth in the second quarter, with improvements observed in product-level margins.
- Improved Margin Mix: The margin improvement was driven by a higher proportion of non-participating (Non-Par) products in new business.
- Future Expectations: Bernstein anticipates a continued shift toward Non-Par savings products, which is expected to support further margin expansion.
Disclaimer: This article is for informational purposes only and does not constitute financial advice.
