LIC - Collateral Damage
The once mighty Life Insurance leader of India has now come under intense scrutiny.
This could lead to a loss of reputation plus the youth might look more towards term insurances than the ULIP's our elders used to love to buy. Putting this down to more financial literacy. Again i don't know how much that tax above 5L premium hurts them if at all..
But anyways the sentiment around the co is currently not the best so any fall below 588 during this carnage could easily take it down to 508. So if you hold the stock..be cautious.
This could lead to a loss of reputation plus the youth might look more towards term insurances than the ULIP's our elders used to love to buy. Putting this down to more financial literacy. Again i don't know how much that tax above 5L premium hurts them if at all..
But anyways the sentiment around the co is currently not the best so any fall below 588 during this carnage could easily take it down to 508. So if you hold the stock..be cautious.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.