Key Points
Life Insurance Corporation of India share price declined up to 1.49% on the BSE in morning trades on Monday..
Life Insurance Corporation of India had declared its Q2 FY24 results on 10 November 2023, post market hours..
Commenting on the results analysts at Emkay Global Financial services said that Life Insurance Corporation of India Ltd (LIC) reported broadly in-line numbers in H1FY24, owing to weaker growth, strong boost in embedded value led by equity-market performance, and part provision on account of increased family pension liabilities..
They added that they continue to perceive that structural challenges such as slower growth-led market-share loss, sticky operating expenses, and higher sensitivity to equity market-led EV (embedded Value) volatilityare likely to cloud LICs outlook..
Also their fair value September 2024 estimated target price is Rs760 per share (offering 25% upside), and they value the shares at 0.63x September-25 EV (Cost of Equity: 13%; Operating Return on Embedded value (RoEV): 10%; Single Stage Growth: 5%) ..
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