LIC’s net profit surged in the September quarter, but that has done little for the stock price, which is still a good 30 percent below its issue price. The profit figure may have been boosted by one-off factors, but there were plenty of other positives in the financial performance, which the market is not yet willing to acknowledge. In this podcast, Moneycontrol Pro analyst Neha in conversation with Santosh Nair, explains the factors behind the LIC stock’s underperformance and what can change sentiment for the country’s number one life insurance company.