Whalesbook
Toh bhaiyo, LIC ke shares ekdum se 2.95% upar bhaag gaye, woh bhi tab jab unhe Income Tax Department se ₹7,100 Crore ka notice mila! Yehi toh asli play hai market ka.
Sabse Badi Tax Demand
Income Tax Department ne LIC ko saaf saaf keh diya hai ki unhe ₹6,146.71 Crore tax ke aur ₹953.26 Crore interest ke dene honge saal 2021-22 ke liye. LIC ne 25 March 2026 ko yeh baat confirm ki hai aur kaha hai ki woh is order ke khilaaf appeal karegi.
Tax Kyun Laga?
Yeh tax lagne ke peeche kai reasons hain. Department ne kuch cheezein allow nahi ki hain, jaise ki interim bonus ko taxable income maanna, Jeevan Suraksha Fund ke losses ko include karna, aur negative reserves ko bhi taxable income mein jod dena. Iske alawa, Section 80M ke under jo deductions maangi thi aur TDS late deposit par jo interest laga hai, woh bhi is demand ka hissa hain.
Market Ka Reaction Aisa Kyun?
Itne bade tax demand ke baad bhi, LIC ke shares 25 March 2026 ko NSE par 2.95% badh kar ₹781.10 par band hue. Yeh dikhata hai ki investors ko LIC ki appeal par bharosa hai ya shayad unhe lagta hai ki stock bahut undervalued hai.
Valuation Ka Kamaal
Aur yeh undervaluation ki baat isliye ho rahi hai kyunki LIC ki market cap lagbhag ₹4.9 Trillion hai aur uska P/E ratio sirf 9.15 se 11.0x ke beech mein hai. Compare karo private insurers se jaise HDFC Life aur SBI Life, jinka P/E 80-82x ke aas-paas hai, aur ICICI Prudential Life ka 74.1x hai. LIC ka P/E in sabse bahut kam hai, toh market shayad already LIC ke stock ko discount kar raha hai.
Pehle Bhi Aisa Hua Hai
Yeh pehli baar nahi hai jab LIC aise tax dispute mein phansi hai. January 2024 mein bhi ₹3,528.75 Crore ka notice aaya tha, jisne short term mein stock ko thoda giraya tha. Lekin tab bhi LIC ne kaha tha ki operation par koi material impact nahi hoga aur appeal karegi, jiske baad stock recover ho gaya tha. Toh investors ko company ke is approach par vishwas hai.
Analyst Log Kya Keh Rahe Hain?
Haan, yeh ₹7,100 Crore ka demand ek risk toh hai hi. LIC ne pehle bhi tax issues se deal kiya hai aur often usmein success bhi mili hai, par yeh demand puri bhi ho sakti hai. Lekin Analyst log abhi bhi positive hain, jismein JPMorgan ne 'Buy' rating ke saath ₹1,010 ka target diya hai. Overall 22 analysts ka average target ₹1,086.59 hai, matlab abhi ke rate se 43% se zyada upside dikh raha hai. Company ki earnings aur revenue growth 5.3% aur 7.5% annually forecast hai, jo market se kam hai, par agar yeh tax ka matter solve ho gaya toh stock mein aur tezi aa sakti hai.