LIC’s stock undervalued? Kotak Equities suggests buying with Rs 1,175 target

Kotak maintains 'Buy' on LIC, lowers target to Rs 1,175 due to weak investment returns.

LIC’s equity investment book declined 6.9% since December 2025; APE saw a sharp drop.

New products, commission revisions, and restructuring efforts underway to boost business.

Upcoming senior management changes may impact strategy amid slowing growth.