*Institutional investment is needed on the falling stock of LIC, otherwise the loss is only the loss of the middle class shareholders.*
The BPO of Life Insurance Corporation of India was issued at Rs 949. But this stock has fallen to ₹ 648 with a terrible fall of 32%.
This is the result of the biggest weakness of Life Insurance Corporation of India's management.
Traders who intervene in the stock market consider this fall as a permanent decline.
The middle class took the shares of Life Insurance Corporation of India all over India.The middle class had reposed their trust in LIC given the tagline of their hard earned money with life and after life.
There is no doubt that this organization i.e. Life Insurance Corporation of India has expertise in the matter of sales, but this skill is not working in the stock market.Life Insurance Corporation of India appears to be the weakest in finance management.
Senior officers of Life Insurance Corporation, who directly intervene in the management, are busy explaining to their subordinate officers that - "It is a conspiracy by the elements of business competition, due to which the shares fell."
Blaming others for the fall in LIC's stock is a classic example of business weakness. The most unfortunate thing is that the fall in the stock prices of Life Insurance Corporation of India is a sad situation for thousands of middle class families.In fact the middle class people had unwavering trust in their LIC agent in this promotion.LIC agents also do not have much knowledge regarding stock marketing.
Gautam Adani holds 10% of LIC's stock.Adani also has companies that are involved in other businesses.Despite this Adani Group of Companies has also received loan from State Bank of India.This is definitely a matter of concern.
Overall, this attempt to mobilize capital from the market is giving very negative results due to weak managerial ability.
We can only pray that God can compensate the financial loss of the middle class people.
