Train going downtown, are you a passenger? LIC Share price

One of the most talked-about stocks, LIC is here with us. Lic with a Market Cap₹ 507,012 Cr is going anywhere but up. If you have bought this stock then this information is for you.

Current Price₹ 802 and with Face Value of ₹ 10.0 got listed on May 17, 2022. Ever since the price is going down. Undoubtedly, this was expected. All big ipos including power, sbicard or Paytm have had the same history. One thing everybody wants to know, when will it start going up.

As per the technical analysis, the stock isn’t showing very good signs. No indication is showing an upward move coming anytime soon. Do check out our technical analysis course, if you don’t know what indicators are

However, if you planning to invest in this stock for the long term. Or you have already invested in this stock then do not worry so soon. Frankly, as soon as the news of LIC IPO came out my mom was interested in investing in it. LIC is a big name amongst elders. The company has been around for years.

But they do not understand the supply and demand. Neither how operators play with the stock price only to make profits.

Nevertheless, since we are talking about investing in the stock for the long term. Let’s talk about the stock fundamentally. Good News! Its not as bad as we think it is. Looking at the profit and loss , the company is actually profitable.

Since 2017 till 2022, the recent data available, the company is making profits each year.

Net Profit

2,232

2,446

2,688

2,713

2,901

4,043

with a very rich cash flow of 7,350, the company is in a very good position.

Shareholding pattern

If we look at the shareholding pattern, the promoters hold the biggest chunk. Promoters of LIC hold 96.50% of the shares. Only 2.07% by the public; 0.22 and 1.21 by FII and DII respectively.

So, overall the stock seems fine. This could become a highly volatile stock if gets manipulated. otherwise, its overall a decent bet.

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