LIC shares fell 3% as reports indicated a possible 2.5-3% government stake sale via OFS, worth Rs 14,000-17,000 crore, within two weeks. Despite steady Q1 performance and dominant market share, Motilal Oswal trimmed its target. Disinvestment timing may impact near-term stock movement.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets