LIC share price: The share price of Life Insurance Corporation (LIC) dropped by 3.5% during Tuesday’s trading session as the life insurer encountered a tough month, with its premiums for November declining by 27% compared to the previous year. Despite reporting a 16% rise in premiums over the first eight months of FY25, according to reports, both total and retail annual premium equivalent (APE) for LIC fell in November by 19% and 12%, respectively.
LIC share price today opened at an intraday high of ₹982.95 apiece, the stock touched an intraday low of ₹951 per share. According to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, after failing to breach the 200 SMA yesterday, prices are undergoing a correction in today’s session. The 1,000 level, aligning with the 200 SMA, remains a critical resistance. Unless surpassed, the upside is likely to stay subdued. On the downside, 940 serves as a strong support for the counter.
Nevertheless, as per reports, although LIC faced challenges, the robust growth from private insurers contributed to balancing the overall decline, highlighting the differing fortunes within the industry.
