LICI at Crucial Support Of 650
LICI, is falling crazy along with rain of this year. Shoking thing is that Overall market is strong bullish NIFTY is Only 4.5% down from All Time High. In all Life insurance sector LICI Stock performance is worst. This stock wll soon be added in nifty 50, No doubt about that. Such lagard performance from market leader is not satisfactory.
Why Stock is Falling despite growth in sales
1) Streached valuation
2) Profitability , the profit margins are less if you compare it with other listed peers like SBI Life , HDFC Life.
3) Increasing of direct insurance purchase Online. As the information peculating and education rising.
View
Closing below 650 can push prices further down.
Why Stock is Falling despite growth in sales
1) Streached valuation
2) Profitability , the profit margins are less if you compare it with other listed peers like SBI Life , HDFC Life.
3) Increasing of direct insurance purchase Online. As the information peculating and education rising.
View
Closing below 650 can push prices further down.
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