Insurance companies: What do Q2 LIC results indicate for other Insurance companies? Two Life and 3 non-life Insurance players with “buy” and “strong buy” ratings

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For the purpose of this report, we have selected stocks wherein the count of analysts is at least 3 and the average stock report score is at least 6. Further, the stock must have an overall rating of either a “Strong Buy” or a “Buy”. The list has then been sorted with the highest potential stock coming on the top of the list.

Synopsis

As the headwind of covid settles for the Insurance sector, performance of insurance companies is on path of revival. Analysts are once again getting bullish on select insurance stocks. The companies in the list are covered by a minimum count of 3 analysts. The reason for having a minimum count of analysts for a particular sector is because higher coverage by analysts indicates higher institutional interest in individual stock. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.

LIC Q2 numbers have surprised the street. A part of this improvement in performance could also be attributed to the fact that after covid, first the awareness increased and then the demand for insurance products also increased.

It is not only life insurance but even the demand in other segments of the insurance industry has increased. So even the holding companies of insurance companies are back on the watch list. With business coming back to

ETMarkets.com

Nov 12, 2022, 11:57 AM IST

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