'Stay invested': LIC Chairman's message to shareholders
- 2 years ago
The Life Insurance Corporation of India (LIC), one of the largest investors in the Indian market, sees the current correction as an opportunity to buy stocks.
“I think it is the right time to buy”, LIC Chairman M.R. Kumar said in an interview on Friday.
Speaking with Business Today TV managing editor Siddharth Zarabi, Kumar said maintained that LIC has always been a contrarian investor. “We will always buy in a falling market and sell in a rising market”, he said.
“I think it is the right time to buy”, LIC Chairman M.R. Kumar said in an interview on Friday.
Speaking with Business Today TV managing editor Siddharth Zarabi, Kumar said maintained that LIC has always been a contrarian investor. “We will always buy in a falling market and sell in a rising market”, he said.