LIC, Delhivery among 8 firms that are trading below their issue price - Business Today

Several newly listed companies in India have seen their stock prices fall below their issue prices, leaving investors waiting for their investments to surpass the initial offering. Companies such as Life Insurance Corporation of India (LIC) and Delhivery have seen significant drops in their share prices since their respective listings in May 2022. LIC's shares have declined over 33%, while Delhivery's shares are down over 17%. Despite this, analysts remain optimistic about LIC's prospects, with AUM Capital giving it a "Buy" rating and a target price of Rs 805. ICICI direct also gave Delhivery a "Buy" rating with a target price of Rs 500. Other companies such as AGS Transact Technologies, Uma Exports, Udayshivakumar Infra, Elin Electronics, and Dharmaj Corp Guard have also experienced declines in their share prices.

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