The elephant that can’t dance! Emkay initiates coverage on LIC with 12-month target below IPO price
1 min read
LIC’s dominant size in the industry – cornering over 60 per cent market share – is also a problem, Emkay says, as it hides operating challenges. LIC’s dominant share in the single-premium group fund management business artificially inflates its market share and deflates some of its cost ratios, it said.
2022-06-02 07:18:09
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