Yes Securities has included Life Insurance Corporation (LIC) in its list of recommended stocks, with a target price of Rs 1175 per share.
LIC has overcome a previous slowdown in Annualized Premium Equivalent (APE) growth and is now showing strong year-on-year Value of New Business (VNB) growth compared to its competitors. LIC is also known for its effective cost management strategies, as evidenced by a reasonable expense ratio. This combination of strong growth and efficient operations positions LIC well in the market.