Fed rate cut strategy; 3 Nifty stocks to invest; shares to buy on correction & more
Nifty is trading at a trailing price-to-earnings ratio of 23.1 times, slightly above its long-term median of 21.8 times, reflecting elevated valuations in certain areas, said Ajit Mishra of Religare Broking.
- Sep 18, 2024,
- Updated Sep 18, 2024 4:16 PM IST
: As the largest insurance provider in India, LIC commands a dominant market share of 64.02 per cent in new business premiums. The company reported a net premium income growth of 15.7 per cent YoY to Rs 1.14 lakh crore in Q1 FY25, driven by a significant increase in single premiums. With plans to diversify its product offerings and expand its distribution channels, we have a Buy rating on LIC with a target price of Rs 1,285. The company's robust market position and ongoing product innovations support its growth trajectory.
: As the largest insurance provider in India, LIC commands a dominant market share of 64.02 per cent in new business premiums. The company reported a net premium income growth of 15.7 per cent YoY to Rs 1.14 lakh crore in Q1 FY25, driven by a significant increase in single premiums. With plans to diversify its product offerings and expand its distribution channels, we have a Buy rating on LIC with a target price of Rs 1,285. The company's robust market position and ongoing product innovations support its growth trajectory.