Overview

• LIC share price rose 1.21% to Rs. 883.85 even after reports showed a Rs. 340 crore loss linked to its investment in IDFC First Bank.

• The stock traded between Rs. 873.65 and Rs. 885.80 during the session, with over 7.18 lakh shares exchanged, showing steady investor interest.

• LIC share price hike was supported by over 23% yearly earnings growth and a dividend yield of 1.36%.

Life Insurance Corporation of India (LIC) share price surged 1.21% to Rs. 883.85 at press time. While the financial sector faced some stress, LIC managed to maintain its position. The stock opened at 876, slightly above its previous close of 873.30.

The share price continued to move between a low of 873.65 and a high of 885.80. Over 7.18 lakh LIC shares, worth Rs. 6,348.11 lakh, exchanged hands today. Although this trading volume was lower than the 20-day average of 17.32 lakh shares, the steady price action suggested calm among buyers.

Here’s an in-depth analysis of LIC share price based on Moneycontrol data.

Key Financial Metrics

LIC stock’s market cap was Rs. 5,58,940 Crore. The stock traded between the upper circuit of 960.60 and the lower circuit of 786. In the long term, the share still has room to move toward its 52-week high of 980. Meanwhile, it stayed far above its 52-week low of 715.30.

The stock appeared quite cheap compared to its peers. Its price-to-earnings (PE) ratio stood at 10.54, while the sector average was much higher at 19.13. This low PE, combined with a book value of 199.51 per share, caught the eye of many value investors. The public sector company reported a yearly earnings growth of over 23%.

LIC share price chart on Moneycontrol showed gains of 1.18% at the time of writing:

IDFC First Bank Fraud Impact

The stock market today dealt with a major shock from IDFC First Bank. A fraud of Rs. 590 Crore at one of its branches caused its share price to crash by 20%. This event hurt big shareholders like the Government of India and LIC. Reports showed that the latter lost nearly Rs. 340 Crore in value from its holdings.

However, the LIC share price did not fall with the news. Instead, it showed strength. Most experts are positive on the stock. Out of 20 analysts on Moneycontrol, 60% recommended a ‘Buy’ and 20% suggested an ‘Outperform’ rating. Only a very small number of experts advised selling. This collective view helped keep the stock stable even when other financial giants struggled.

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Future Outlook and Support Levels

The immediate resistance and support for the LIC share price are at 879.63 and 864.33, respectively. While the fraud at IDFC First Bank created a temporary loss for LIC’s portfolio, the insurance company's core business stayed strong. Its dividend yield of 1.36% and steady earnings growth offered a safety net. Investors should keep an eye on macroeconomic developments and on how LIC manages its large investment book.

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FAQs

1. What is LIC share price today?

LIC share price stood at Rs. 883.85, rising 1.21% from the previous close of Rs. 873.30. The stock opened at Rs. 876 and moved within a day’s range of Rs. 873.65 to Rs. 885.80. Even though trading volume was lower than the 20-day average, the price remained firm, showing steady demand from investors during the session.

2. Did IDFC First Bank fraud impact LIC shares?

The IDFC First Bank fraud led to an estimated Rs. 340 crore loss in value for LIC due to its stake in the bank. However, LIC’s own share price did not fall sharply after the news. Instead, it ended higher for the day. This showed that investors focused more on LIC’s strong core business rather than short-term investment losses.

3. Is LIC stock a good buy?

Many analysts remained positive on LIC stock. Out of 20 analysts, 60% gave a Buy rating and 20% suggested Outperform. The stock traded at a PE ratio of 10.54, which was much lower than the sector average. With steady earnings growth of over 23% and a dividend yield of 1.36%, the stock attracted long-term investors.

4. How did LIC shares perform today?

LIC had a market capitalisation of Rs. 5,58,940 crore. Its book value per share stood at Rs. 199.51, and earnings per share were Rs. 83.81. The stock’s PE ratio was 10.54, while the sector PE was 19.13. These numbers showed that LIC traded at a lower valuation compared to many other companies in the same sector.

5. What are the important price levels for LIC stock?

The immediate resistance level for LIC share price was near Rs. 879.63 and Rs. 885.97. On the downside, support was seen around Rs. 864.33 and Rs. 855.37. These levels helped traders understand where the stock could face selling pressure or buying support in the short term. Investors usually track these levels to plan entry or exit decisions.