LIC Share Price Decline:

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Share price of Life Insurance Corporation of India (LIC) fell more than 2 percent to Rs 855.80 on Thursday.

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The share price of LIC registered a total decline of 9.8 percent in the three days after the listing.

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Shares of Life Insurance Corporation of India were listed on the BSE on Tuesday at Rs 867, while the IPO price was Rs 949.

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In terms of trading volume in LIC shares, a total of 2.33 lakh shares were exchanged on the Bombay Stock Exchange (BSE).

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In terms of trading volume on the National Stock Exchange (NSE), 36.54 lakh shares were traded in the shares of LIC.

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Experts are of the view that those who are stuck with the allotted shares should hold on to their investments till the price stabilizes.

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Stock market experts advise new investors in LIC to wait for natural price discovery before entering the stock.

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There was a weak reaction in LIC's stock since its listing. LIC stock is currently trading at its 52-week low.

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Adviser to Angel One pointed out that global inflation concerns as well as investor sentiments on world economic growth have had a negative impact on LIC.

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The share price of the company (LIC) may increase in the coming days and investors can benefit.

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