Better to book loss and exit.. most of us were Expecting this getting any form of support like Ruchi and go beyond 1000 clearly that's not happening. No support no confidence.. With LIC's 90-10% sharing formula. Losses getting offset in next some years also seems unlikely through dividends.
The losses which were of 200 on day 1 have risen up to 1200. Clearly not interested in seeing another portfolio holding at negetive 40 50%..
1706.1. Jetha Lal| Link| Bookmark|
May 20, 2022 10:52:22 AM
IPO Guru (1000+ Posts, 2100+ Likes)
An ego brushing and chest thumping essay post may be coming towards you😂😂😂 Since you can't write long essay post so you are not qualified to write anything about LIC(garbage)🤣🤣🤣 Recently I came to know that those who can write long sugar coated words are only qualified and intellectual. Now new valuation trap is thrown in form of enterprise value which doesn't work for Life insurance companies 🤣🤣🤣 Badhiya hai Propaganda hote rhna chahiye aur bechare Retailers ko fasate rho.
1706.2. ColdBurger| Link| Bookmark|
May 20, 2022 11:31:34 AM
IPO Mentor (1300+ Posts, 400+ Likes)
I just exited with 800 limited loss. I am confident to makeup the loss by positional trade in other scrip but LICI is simple no for me. I rate it garbage worst than IRFC. Now i am relaxed after exiting. In such high market this is going down and no wonder it will come to 500 and i will be happy to buy then as it is a brand no matter what.
Thanks! My opinion, my action no offence intended!
At it's current valuations, it's already overvalued severely. Only 1.75% shares are liquid as of now. With such small quantity in Market, it's still not able to go up regardless of Market condition.
Future OFS/FPO will kill this stock. Who's going to buy and bring price up when it can't even go up in it's current state? Just another Coal India in the making but much more expensive (even for it's own sector while being PSU), so correction will be harsh in this stock in future.
I suggested my fried that i have exited as in short term i don't see recovery and how much deep red it can go is not know as scrip is new. To my surprise he had bought another nn qty before reading my message 😒 I am feeling sorry for him, he want exit without loss in nn months!!!
I HAVE ALREADY TOLD IN MY POST. EXIT LIC AND INVEST IN SECONDARY MARKET IN GOOD QUALITY STOCK. TODAY ALMOST ALL GOOD QUALITY STOCK IS UP MORE THAN 4%. MORE UPSIDE IS VISIBLE. THOSE WHO HAVE INVESTED, MADE MONEY.....
Kindly guide hold or sell lic if sell then where to invest thanks
1702.1. Jetha Lal| Link| Bookmark|
May 20, 2022 12:33:46 PM
IPO Guru (1000+ Posts, 2100+ Likes)
Exit LIC with minimal loss than to stuck here for long time. Today Nifty bounce can be dead cat bounce so wait to dip further and add ICICI Bank or sbi card or ETF or Bajaj Finance etc as per your risk appetite.
LIC share today New Low Rs 830/= Indian Mutual Funds Mein Itne Experts Baithe hai Unko LIC ka Fair Price Maloom hi Nhi hai??? Is Price Par bhi Buying kyon nhi kar rahe hain??? RAGA Ki maane to LIC Ki Fair Price Rs 3000/4000 honi chahiye? [ Before buying or selling consult with your financial advisor and do your own research मैं कोई शेयर बाजार का Experts नहीं हूँ ]
1696. ipo share| Link| Bookmark|
May 20, 2022 10:11:52 AM
IPO Guru (1500+ Posts, 700+ Likes)
Even 350 point nifty rally is unable to pull up LIC price. I think crane is needed to pull up such heavy weight.
1696.1. Jetha Lal| Link| Bookmark|
May 20, 2022 10:17:07 AM
IPO Guru (1000+ Posts, 2100+ Likes)
Institution pull or push any share. Retailers can only absorb selling. Institution have no interest in LIC as of now.
1695. Jetha Lal| Link| Bookmark|
May 20, 2022 10:04:20 AM
IPO Guru (1000+ Posts, 2100+ Likes)
Nifty: +2.3% LIC : +0.6% This is reality of LIC and likewise stocks. Don't get into trap of valuation discount because PSU are meant to trade in deep discount. No valuation matrix should be seen in singularity. There are plenty high quality Stocks available in market at better value.
I earlier also told you in my post that avoid issue because it is costly and no listing gain. Today it is acid test for Lic as market is going to down more than 2%. We have to see is lic price sustain today ? I don't think show. Please share your review. According to me fare value of lic price is 450 to 550.
1693.1. arunARUN| Link| Bookmark|
May 19, 2022 11:04:19 PM
IPO Guru (1900+ Posts, 1600+ Likes)
Please share your valuation methodology not a single line statement. This methodology should also fit 3 other listed life insurance companies
Lic will go to sub 500 level. Don't buy . It is the costliest issue 200 PE IN THE INDIAN ipo HISTORY. ITS ACTUAL VALUE CAN NOT BE MORE THAN eps Rs 5 x 30 PE = RS 150
1692.1. ipo share| Link| Bookmark|
May 19, 2022 8:34:48 AM
IPO Guru (1500+ Posts, 700+ Likes)
You are absolutely right. This new matrix of embedded value (EV) was a well thought process to justify high valuation and trap retail investors with the help of sponsored, so called experts and channels.
@Raj Pandey ji... Kyo Money Control article se copy paste karte ho? These are motivated articles... to influence the reluctant retailers to sell. Don't fall in their trap
1692.4. arunARUN| Link| Bookmark|
May 19, 2022 11:02:58 PM
IPO Guru (1900+ Posts, 1600+ Likes)
While market is great and final word to decide price. The fact remains that Embeded value (EV) for insurance companies is a global concept. Even ICICI pru ipo (first insurance ipo) was sold on this basis and so are HDFC LIFE and SBI LIFE issues too While you may disappointed at turn of events but facts dont change to suit situations
1691. Imhilli| Link| Bookmark|
May 19, 2022 9:42:37 PM
IPO Guru (1200+ Posts, 700+ Likes)
I am thinking of accumulating some LIC at 830 level. @ Noorul@ Avenue and IPO Guru's please share your view. I can hold it for a year or more for a gain of 25%.
Bhai Log Jo Kuch hua Sab Bhul Jao. Share Market Mein Alag Alag Vichaar hote hai. Kabhi Kisi ka Sahi ho jata hai, kabhi Galat. 100% Sahi Koi Predict nhi kar Sakta hai. LIC IPO bhi Khatm aur Listing bhi Khatam. Ab Forum par Discussion bhi Khatam ho Jaye to thik hai. 🙏🙏🙏