Skip to content
June 17, 2025
  • Israel-Iran conflict: India starts evacuating students from Iran; 100 reach Armenia border | India News
  • Microsoft Accidentally Replaces Windows 11 Startup Sound With Vista Chime
  • Japanese interval walking: How doing this for 30-minutes improve brain health and memory
  • Steelbird SBH-23 GT Plus Open Face ISI Certified Helmet with Inner Sun Shield (Large 600 MM, Dashing Black)
thisdiwali logo

This Diwali News

Latest News | Stay Informed | Shop Festive!

  • Business
  • Entertainment
  • Health
  • India
  • Shopping
  • Sports
  • Tech
  • World
  • Home
  • Health
  • Business
  • Entertainment
  • Fashion
  • Shopping
  • Sports
  • Tech
  • India
  • World
  • Home
  • Business
  • Why is LIC share price rising for six straight sessions despite fall in other insurance stocks? EXPLAINED

Highlight News

Health
Japanese interval walking: How doing this for 30-minutes improve brain health and memory
Health
Sofia Richie Grainge in Bikini Vacations at “Home Away From Home” — Celebwell
Health
Is it true that … there’s no gain without pain? | Life and style
Health
Should you start your workout with cardio or weights? A new study finally has an answer
  • Business

Why is LIC share price rising for six straight sessions despite fall in other insurance stocks? EXPLAINED

Admin7 months ago05 mins


LIC share price: Despite selling in the insurance stocks last week, shares of the Life Insurance Corporation (LIC) of India registered decent buying throughout the week. LIC share price has been on an uptrend for the last six successive sessions, logging around 11 per cent weekly gain.

According to stock market experts, the LIC share price is rising for two reasons: the insurance regulator raises concerns over bancassurance exposure and entry in the F&O segment. They said LIC shares are still available at a discounted price and looking positive on the technical chart pattern. Assigning a ‘stock to buy’ tag to LIC shares, experts predicted a ₹1,200 LIC share price target for the long term.

Triggers for LIC share price

On triggers fueling LIC’s share price today, Sugandha Sachdeva, Founder of SS WealthStreet, said, “Following its entry into the F&O segment, the LIC share price has been on an uptrend with strong trading volumes observed in the previous session. The positive momentum was further bolstered by news of its strategic expansion plans, including key acquisitions in the health insurance sector, which have further improved investor sentiment.”

On LIC’s financials, Sugandha Sachdeva said, “In Q2FY25, LIC reported a 3.8% decline in net profit, attributed to higher benefit payouts. However, an 11.6% YoY growth in net premium income was driven by an improving product mix and an increasing share of high-margin offerings. This shift towards more profitable products reflects LIC’s strategic efforts to enhance operational efficiency and profitability.”

IRDAI push to LIC shares

On IRDAI concern over bancassurance exposure of insurance companies helped LIC share price rally, Abhishek Pandya, Research Analyst, StoxBox, said, “On Thursday, news reports highlighted concerns raised by the IRDAI regarding bancassurance. The IRDAI urged insurers to reduce the business conducted through bank partnerships by up to 50%. As a result, insurance companies saw a significant decline in their stock prices. However, LIC was not as severely affected due to its diversified business model, which relies heavily on its extensive network of agents and proprietary distribution channels. This positions LIC to withstand regulatory changes in the bancassurance sector, making it less vulnerable to such shifts. Therefore, we remain positive about LIC shares from a medium to long-term perspective.”

LIC share price target

Expecting more upside in LIC shares, Sugandha Sachdeva said, “LIC share price has gained nearly 11 per cent this week, forming a higher-highs pattern and closing decisively above its 100 and 200-DEMA. While the stock may witness short-term resistance around the ₹1000 mark, the overall outlook remains positive. From a medium-term perspective, key support for the stock is pegged at ₹860 to ₹840 zone. Investors looking to enter the stock can consider accumulating on dips around ₹940, with a medium-term target of ₹1080 and a potential upside towards ₹1200.”

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.



Source link

Tagged: LIC of India LIC share LIC share price LIC share price target LIC share price today Life Insurance Corporation of India Stock market news Stocks to buy today

Post navigation

Previous: First Sambhal, Then Ajmer: Ex-CJI Chandrachud Under Fire For ‘Opening Floodgates’ Of Survey Pleas
Next: ‘Lies, Sleeps Around…’: US Defence Pick’s Mother Accuses Son Of Abusing Women For Years

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

Sebi’s new fee platform aims to protect investors. But not many have taken to it

Admin8 hours ago 0

Jio users in Kerala face network outage, connectivity issues; services restored after 2 hours

Admin12 hours ago 0

live updates for June 16 2025

Admin20 hours ago 0

Not China, Not the U.S.: This Surprising Nation Now Tops the World in R&D Spending and Is Quietly Rewriting the Innovation Map

Admin24 hours ago 0

Recent Posts

  • Israel-Iran conflict: India starts evacuating students from Iran; 100 reach Armenia border | India News
  • Microsoft Accidentally Replaces Windows 11 Startup Sound With Vista Chime
  • Japanese interval walking: How doing this for 30-minutes improve brain health and memory
  • Steelbird SBH-23 GT Plus Open Face ISI Certified Helmet with Inner Sun Shield (Large 600 MM, Dashing Black)
  • ‘Don’t think he’s realised … ‘: Dinesh Karthik’s bold take on Shubman Gill’s captaincy | Cricket News
  • This Action Film Has Made Crores Even Before Its Release, Big Buzz For 65-Year-Old Hero
  • New JD Car Accessories Black Pu Leather Gear Shift Lever Cover Boot for Hyundai- i10, Antique Finish
  • TNPL 2025: Match 14, DD vs CSG Match Prediction – Who will win today’s TNPL match?
  • How much will Karisma Kapoor and Sunjay Kapur’s children inherit of billionaire’s ₹10,300 crore wealth?
  • Sebi’s new fee platform aims to protect investors. But not many have taken to it

Categories

  • Business
  • Entertainment
  • Health
  • India
  • Shopping
  • Sports
  • Tech
  • World

Popular News

1

Israel-Iran conflict: India starts evacuating students from Iran; 100 reach Armenia border | India News

  • India
2

Microsoft Accidentally Replaces Windows 11 Startup Sound With Vista Chime

  • Tech
3

Japanese interval walking: How doing this for 30-minutes improve brain health and memory

  • Health
4

Steelbird SBH-23 GT Plus Open Face ISI Certified Helmet with Inner Sun Shield (Large 600 MM, Dashing Black)

  • Shopping
5

‘Don’t think he’s realised … ‘: Dinesh Karthik’s bold take on Shubman Gill’s captaincy | Cricket News

  • Sports
6

This Action Film Has Made Crores Even Before Its Release, Big Buzz For 65-Year-Old Hero

  • Entertainment
7

New JD Car Accessories Black Pu Leather Gear Shift Lever Cover Boot for Hyundai- i10, Antique Finish

  • Shopping
8

TNPL 2025: Match 14, DD vs CSG Match Prediction – Who will win today’s TNPL match?

  • Sports

Trending News

India
Israel-Iran conflict: India starts evacuating students from Iran; 100 reach Armenia border | India News 01
29 minutes ago
02
Tech
Microsoft Accidentally Replaces Windows 11 Startup Sound With Vista Chime
03
Health
Japanese interval walking: How doing this for 30-minutes improve brain health and memory

Recent News

1

Israel-Iran conflict: India starts evacuating students from Iran; 100 reach Armenia border | India News

  • India
2

Microsoft Accidentally Replaces Windows 11 Startup Sound With Vista Chime

  • Tech
3

Japanese interval walking: How doing this for 30-minutes improve brain health and memory

  • Health
4

Steelbird SBH-23 GT Plus Open Face ISI Certified Helmet with Inner Sun Shield (Large 600 MM, Dashing Black)

  • Shopping
5

‘Don’t think he’s realised … ‘: Dinesh Karthik’s bold take on Shubman Gill’s captaincy | Cricket News

  • Sports
6

This Action Film Has Made Crores Even Before Its Release, Big Buzz For 65-Year-Old Hero

  • Entertainment
7

New JD Car Accessories Black Pu Leather Gear Shift Lever Cover Boot for Hyundai- i10, Antique Finish

  • Shopping
8

TNPL 2025: Match 14, DD vs CSG Match Prediction – Who will win today’s TNPL match?

  • Sports
thisdiwali.in News 2025. Powered By BlazeThemes.
  • Blog
  • Privacy
  • Contact