The domestic brokerage JM Financial iterates its buy call on Life Insurance Corporation of India and believes that non-participating book at the company which is its key focus area now provides growth opportunity to the company. The brokergae maintains a ‘buy’ on the stock and has pegged the target at Rs 1222 per share.
COMMERCIAL BREAKSCROLL TO CONTINUE READINGHere are the 3 key reasons why the brokerage has turned bullish on the counter and initiated coverage with a ‘buy’:
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