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LIC

NEW DELHI: Shares of Life Insurance Corporation (LIC) on Friday rallied nearly 10 per cent, defying a muted trend in the broader market.

LIC share price jumped more than 2% on Thursday to hit an intraday high of Rs 615 on NSE. The rise comes after the insurer posted over five-fold jump in Q4FY23 profit. Watch this Visual Story to see what stock market analysts say about LIC. Also, check LIC share price target, and more.

LIC share price jumped nearly 2% on Wednesday ahead of the companys Q4FY23 result. LIC shares were trading at Rs 600, up 1.75% on NSE. The stock has jumped nearly 10% in 1 month. Should you buy? Watch this Visual Story to see what analysts say.

Life Insurance Corporation (LIC), the countrys largest insurer, on Tuesday made a lacklustre debut on the stock exchanges. The listing price was below the price at which shares were allotted to LICs policyholders, employees and retail investors. Its share listed at over 8 per cent discount on the NSE and BSE against the issue price of Rs 949. LIC share was listed at Rs 867.20 on the NSE, showing a discount of Rs 77 apiece. On the BSE, the scrip was listed at Rs 872, a discount of Rs 81. 80