LIC CEO says stock valuation fails to reflect insurer’s scale
In short
LIC MD & CEO R Doraiswamy said the insurer’s stock valuation does not match its size and stature. He pointed to the PSU discount, the limited public float and uncertainty over government stake sales.
The remarks matter because they highlight why LIC’s shares may be trading below what management thinks they deserve. He also spoke about slower AUM growth and opportunities in equities and bonds.
What the reporting says
LIC MD & CEO R Doraiswamy said the insurer’s stock valuation does not reflect its size and stature, citing the PSU discount, limited public float and uncertainty over government stake sales. He made the remarks in a CNBC TV18 Market summary that also said he discussed slower AUM growth, investment strategy and opportunities in equities and bonds amid market volatility. The comments point to investor concerns around valuation and future stake overhang.
Why it matters
LIC MD & CEO R Doraiswamy said the insurer’s stock valuation is too low relative to its size and stature, according to a CNBC TV18 Market summary. He cited the PSU discount, a limited public float and uncertainty over government stake sales. The comments are relevant for LIC shareholders and investors tracking valuation, AUM growth and the company’s investment approach in volatile markets.