LIC shares rise 2% after Q2 profit surges 31% YoY; Citi sees 50% upside

Life Insurance Corporation of India shares saw a significant jump. The company reported a strong 31 percent rise in its net profit for the July-September quarter. Global brokerage Citi has given a 'Buy' rating. They see a potential 50 percent upside for the stock. This positive outlook is driven by LIC's performance and business strategy.