LIC Share Price and Forecast
From the date of its IPO on May 17th 2022, with a price range set between Rs 902 to Rs 949, the stock price of LIC has shown and maintained great stability with new highs and lows. Initially the stock witnessed strong demand reaching above Rs 900 per share shortly after its debut. On the other hand, it also met some stages of turbulence caused by the general market conditions, regulatory changes and the performance of the financial services sector.
At the beginning of 2024 and close to the end of January, LIC broke out in the price level above the initial IPO price of Rs 949. However, it dropped thereafter, with prices dipping below in February. Throughout these highs and lows, the company has managed to sustain its high market cap with…
