{"id":125179,"date":"2024-05-29T09:30:54","date_gmt":"2024-05-29T04:00:54","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=125179"},"modified":"2024-05-29T09:34:43","modified_gmt":"2024-05-29T04:04:43","slug":"psu-stock-to-buy-for-an-upside-of-more-than-30-are-you-holding-it","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/psu-stock-to-buy-for-an-upside-of-more-than-30-are-you-holding-it\/","title":{"rendered":"PSU stock to buy now for an upside of more than 30%; Are you holding it?\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-734617851\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>India&#8217;s life insurance industry is robust and growing, with 24 life insurers catering to a population of over 1.4 billion. The sector has seen substantial growth, achieving a penetration rate of 3.2% in 2023, reflecting increasing awareness and demand for life insurance products among Indian consumers.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-778637000\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs 6.42 lakh crore, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/LICI\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\">Life Insurance Corporation of India<\/a><\/strong> were trading at Rs 1,015.95 per share, decreasing around 0.53 percent as compared to the previous closing of Rs 1,021.40 apiece.\u00a0<\/p><p><strong>JP Morgan, one of the well-known brokerages globally, gave a \u2018Buy\u2019 call on the stock with a target price of Rs 1,340 apiece, indicating a potential upside of 32 percent from Wednesday\u2019s price of Rs 1,015.95 per share.&nbsp;<\/strong><\/p><p>According to JP Morgan, LIC performed well in Q4, with exceptional profitability and a New Business Value (NBV) that exceeded expectations. Furthermore, JP Morgan stated that &#8220;the stock appears undervalued, with ample room for robust business growth.&#8221;&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1227676754\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Moreover, the global investment bank praises LIC&#8217;s strategic emphasis on expansion above profitability, with market analysts citing the company&#8217;s growing market share as a key driver of its stock performance.&nbsp;<\/p><p>Meanwhile, India&#8217;s leading life insurer disclosed the results of Q4, revenue increased by 11 percent on a quarter-on-quarter basis from Rs. 214,054 crore in Q3FY24 to Rs. 238,968 crore in Q4FY24. Further, revenue increased by 19 percent year on year, from Rs. 201,231 crore in Q4FY23 to Rs. 238,968 crore in Q4FY24.&nbsp;<\/p><p>Life Insurance Corporation of India Ltd&#8217;s net profit increased by 4.5 percent on a quarter-on-quarter basis, from Rs. 9,434 crore in Q3FY24 to Rs. 13,784 crore in Q4FY24. Further, net profit increased by 46 percent year on year from Rs. 13,189 crore in Q4FY23 to Rs.13,784 crore in Q4FY24.&nbsp;<\/p><p>Life Insurance Corporation of India is an India-based insurance company. The Company is engaged in the business of life insurance in and outside India. It offers a range of individual and group insurance solutions including participating, non-participating and unit linked lines of businesses.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by:- Abhishek Singh<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3029127459\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>India&#8217;s life insurance industry is robust and growing, with 24 life insurers catering to a population of over 1.4 billion. The sector has seen substantial growth, achieving a penetration rate of 3.2% in 2023, reflecting increasing awareness and demand for life insurance products among Indian consumers.&nbsp; With a market capitalization of Rs 6.42 lakh crore, [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":119107,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1513,31],"tags":[4390,18753,1731,15525,15585,15586,1732,15524,948,936,3157],"class_list":["post-125179","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editor-pick","category-news","tag-benefits-of-public-relations-to-the-society","tag-lic-news","tag-life-insurance-corporation","tag-life-insurance-corporation-latest-news","tag-life-insurance-corporation-limited-latest-nws","tag-life-insurance-corporation-limited-share-price","tag-life-insurance-corporation-of-india","tag-life-insurance-corporation-share-price","tag-stock-market","tag-stock-market-news","tag-stock-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PSU stock to buy now for an upside of more than 30%; 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