At the beginning of the new year, there has been a tremendous boom in the stock of LIC.
Let us tell you that on January 3, 2023, LIC's share closed at Rs.734.85 on BSE with a gain of about Rs.25.50.
At the beginning of the new year (on January 3), the high LIC share price was Rs.737 and the low was Rs.715.50.
In the last 6 months, the stock of Life Insurance Corporation of India (LIC) has seen a gain of about 6.12 percent.
LIC investors can earn big this year as market experts believe that the share price of LIC can reach up to 1,000.
The country's top brokerage firms have given the fair value of LIC at Rs 1,000, which is about 38 percent up from the current price.
96 percent of LIC's new business premium has been received through agents in FY2022. Which is its biggest plus point.
LIC has increased its holding in Individual Annualized Premium Equivalent in this financial year.
Let us tell you that LIC has increased its stake in Individual Annualized Premium Equivalent to 37 percent.
Disclaimer: The purpose of this news is only to give information. Please consult your financial advisor before investing.