LIC Share Price 📈✨
Here’s some exciting news on LIC Share Price for all the investors and stock market enthusiasts! Prime Minister Narendra Modi’s recent speech in the Rajya Sabha praising LIC’s success has had a positive impact on the market. Despite the market downturn, LIC’s shares reached a record high.
LIC’s shares hit a record high 📊💥
At 11:20 am on Thursday, LIC’s share price increased by 9.13% to reach ₹1,144.45, making it the highest ever. With this surge, LIC’s market cap reached ₹7,21,302.74 crores, making it the fourth most valuable company in the country. Only Reliance Industries, TCS, and HDFC Bank are ahead of LIC in terms of market cap.
Continued growth in LIC’s shares 💪📈
LIC’s shares have been on a steady rise since November last year. Market experts believe that LIC may release its quarterly results today in a positive light, which is why there is significant buying in LIC shares. The expectation of positive quarterly results has led to an increase in the demand for LIC’s shares.
Will LIC’s stock continue to rise? 🤔📈
Sumit Bagadia, an analyst at Choice Broking, suggests that there is a possibility of further upward momentum in LIC’s shares. The positive chart patterns of LIC’s shares indicate a potential rise in the near future. For those who bought LIC shares at ₹1,020 with a stop loss, it is recommended to hold the stock as it may reach ₹1,150 in a short period of time. Bagadia also suggests adding LIC shares to one’s portfolio, with a target price of ₹1,150, making it an attractive investment option for new investors.
So, all the investors and traders out there, keep an eye on LIC’s share price as it continues to soar high. The positive market sentiment and the government’s appreciation for LIC’s success make it an exciting time to be a part of the LIC stock journey. Stay tuned for more updates on LIC’s share price! 🚀💰
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
