Explained: Why GIC Re is still 57% off its IPO price

PSUs are the flavour of the market and investors are betting big on the insurance sector. So why not have a combination of both? State owned reinsurance company, GIC Re, though has been up over 50 percent in the last one month, it is still 57 percent off its IPO price.

CNBC-TV18's Yash Jain decodes why the company still hasn't received its share of love from the market.