LIC reclaimed Rs 5 lakh crore market cap today. What InvestingPro+ has to say

LIC (NS:) stock surged by 7% today thereby reclaiming the market cap mark of Rs 5 lakh crore. It also touched its 52-week high price of Rs 800. Now it is not too far from its IPO pricing of Rs 949.

According to InvestingPro+:

1. Strong earnings should allow management to continue dividend payments: Its dividend coverage ratio is better than its peers

2. Liquid assets exceed short-term obligations

However, there are some negatives of LIC that investors should be aware of, according to InvestingPro+:

1. RSI suggests the stock is in overbought territory

2. Suffers from weak gross profit margins

3. Net income is expected to drop this year

4. Trading at a high Price / Book multiple