Stock to buy, April 17 -- Brokerage firm Anand Rathi, in a new report, has expressed bullish momentum in PSU stock Life Insurance Corporation of India (LICI). The brokerage firm has recommended the target price of Rs.975, with an upside potential up to 23 per cent.

LICI share price opened in green in Thursday's trading session, up less than a per cent. At 9:20 am, LICI share price was trading at Rs.802 apiece, against previous close at Rs.797.65.

The brokerage firm said that over the past 2-3 weeks, the stock has shown signs of stabilization, forming a sustained support base around the Rs.750- Rs.800 zone.

"Following a peak near the Rs.1222 level, LICI underwent a sharp correction of nearly 500 points, translating to a substantial 41% ...