Life Insurance Corporation shares surged almost 8% on Wednesday, marking the highest single-day gain since December 2023, fueled by strong guidance and renewed investor confidence. Analysts attribute the surge to improved Value of New Business margins and management’s optimistic growth outlook. Despite past underperformance compared to peers, attractive valuations and regulatory adjustments suggest potential near-term momentum for LIC.
Concerns settled, share buybacks could flow via exchanges again
Sebi is proposing to bring back share buybacks via stock exchanges. This reverses a decision made a year ago. New tax rules have resolved earlier