LIC Share Price: The shares of the country’s largest insurance company 2024 LIC share started showing their glory, and this stock reached a record high, now is it better to sell it or is it profitable to keep it? Learn
LIC Share Price- LIC’s quarterly results may come today. It is expected that these results will be positive. For this reason, a lot of action is being seen in LIC shares today.
The shares of Life Insurance Corporation of India fell for a long time after listing and kept giving shocks to the investors who invested money in LIC IPO. But now this insurance stock has been rising for about 3 months. Now this share has crossed its IPO price. Even today i.e. Thursday there is a tremendous rise in LIC shares. Today this share touched its all-time high level of Rs 1145 in intraday. At 1:15 pm, it was trading at Rs 1109.20 with a rise of 6.20 percent. A tremendous trend of rise in LIC shares started in November last year and is continuing till now.
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LIC Share Price: The shares of the country’s largest insurance company: LIC were listed in the stock market in May 2022.
Market experts say that LIC’s quarterly results may come today. It is expected that these results will be positive. For this reason, a lot of action is being seen in LIC shares today. Today this share opened with a rise at the level of Rs 1073.90 and crossed the level of Rs 1100 as soon as it opened. LIC was listed in the stock market in May 2022. On May 17, 2022, LIC shares were listed at ₹875.25 compared to the IPO price of ₹949. After the listing, this share declined, and once it went up to Rs 530.
LIC Share Price: The shares of the country’s largest insurance company: Why did it rise today?
According to a report in Live Mint, Siddharth Khemka, head of retail research at Motilal Oswal, says that the insurance giant will announce the results on Thursday. It is expected that the growth of new business premiums will be good. This hope has kept investors excited. Avinash Gorakshkar, Research Head, Profitmart Securities, says that the market is expecting excellent quarterly results from LI. LIC shares have also surged due to Prime Minister Narendra Modi expressing the possibility of a boom in the business of all PSUs.
LIC Share Price: The shares of the country’s largest insurance company: How far will the share go?
Sumit Bagadia of Choice Broking expects a further rise in LIC shares. He says that LIC shares look positive on the chart pattern. Those who have this share should hold it with a stop loss of Rs 1020. This share can go up to Rs 1150 in the short term. Sumit Bagadia has also advised you to include this stock in your portfolio in the fall. He says that fresh investors can buy LIC shares with a target price of Rs 1150.
LIC Share Price: The shares of the country’s largest insurance company
LIC Share Price: The shares of the country’s largest insurance company Life Insurance Corporation of India Limited (LIC) crossed the level of 1,000 for the first time on Monday (February 5). During trading the stock made an all-time high of 1,027.95. There was a huge rise in the shares of LIC and the market cap of the company crossed Rs 6 lakh crore. The insurance company will release its December quarter (Q3FY24) results on February 8.
LIC Share Price: LIC beats SBI
With a record rise in shares (LIC Share Price), LIC has become India’s largest public sector undertaking (PSU), overtaking the State Bank of India. The market cap of SBI is Rs 5.77 lakh crore. Recently, the Reserve Bank of India (RBI) approved LIC to acquire a 9.99% stake in HDFC Bank by January 24, 2025. Currently, LIC holds a 5.19% stake in the private bank.
