LIC Share Price Decline:
LIC share price down 10% from IPO price, should you buy, sell, hold? Expert opinion!
Share price of Life Insurance Corporation of India (LIC) fell more than 2 percent to Rs 855.80 on Thursday.
The share price of LIC registered a total decline of 9.8 percent in the three days after the listing.
Shares of Life Insurance Corporation of India were listed on the BSE on Tuesday at Rs 867, while the IPO price was Rs 949.
In terms of trading volume in LIC shares, a total of 2.33 lakh shares were exchanged on the Bombay Stock Exchange (BSE).
In terms of trading volume on the National Stock Exchange (NSE), 36.54 lakh shares were traded in the shares of LIC.
Experts are of the view that those who are stuck with the allotted shares should hold on to their investments till the price stabilizes.
Stock market experts advise new investors in LIC to wait for natural price discovery before entering the stock.
There was a weak reaction in LIC's stock since its listing. LIC stock is currently trading at its 52-week low.
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.
The share price of the company (LIC) may increase in the coming days and investors can benefit.