LIC shares jump after 'bull' expects 84% upside but also cites overhang after Q4 results

LIC shares jumped over 4% on Friday, May 22, after strong Q4 results. Citi sees "83.5% upside" for LIC, calling its valuations "benign." Despite strong operations, Citi cautioned about "promoter holding structure" as an overhang. Many analysts have "buy" ratings, with only one "sell."