When does LIC become a value stock? Madhukar Ladha answers
“A lot of LIC’s movement itself or stock price itself will also be determined by how equity markets behave. I have maintained that LIC was fairly valued at Rs 950. Going forward, I do not want to put a number to when it becomes an absolute buy, but a lot of it depends on how the management communicates, what sort of additional information disclosures they are able to give and how they are able to grow their sales and margin numbers.”