Daily Voice | I wouldn#39;t be surprised if the government is targeting a Rs 19-23 trillion valuation for LIC: Nitin Bhasin of Ambit Capital

Daily Voice | I wouldn#39;t be surprised if the government is targeting a Rs 19-23 trillion valuation for LIC: Nitin Bhasin of Ambit Capital

Nitin Bhasin is the Co-Head of Institutional Equities & Head of Equity Research at Ambit Capital



Nitin Bhasin, Co-Head of Institutional Equities & Head of Equity Research at Ambit Capital, says banks (especially private ones) are likely to benefit from higher yields, strong housing markets, and recovering real estate activity as reopening resumes. “Provisioning numbers can drop massively over the next 12-18 months, which will significantly bolster their earnings,” says Bhasin, who has 14 years of experience in equity research.

On LIC, the  big buzz on Dalal Street, he says, is that LIC enjoys a lot of competitive advantages in India though it has been losing some market share to private insurers. “I wouldn’t be surprised if the Government is targeting a valuation of Rs 19-23 trillion,” he says.

Also read: Street Buzz: LIC IPO likely from 10 March, issue size seen at Rs 65,400 crore; Check out more

The targeted valuation of LIC suggests it will be the highest in terms of market capitalisation, he says. Edited excerpts from an interaction with Moneycontrol follow:

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