ICICI Securities maintains a Buy call on Life Insurance Corporation of India (LIC) with a target price of Rs 1,040, citing valuations based on FY27E EV. The brokerage anticipates growth in APE and VNB margin, expecting a core RoEV of approximately 10.4% for FY26E/27E. LIC’s embedded value shows sensitivity to equity levels and reference rates.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets