When the closing price falls below the VWAP, it signifies that the closing price is lower than the average price at which it was traded throughout the day, with the average being weighted by trading volume.
Geojit is bullish on LIC of India has recommended buy rating on the stock with a target price of Rs 823 in its research report dated November 28, 2023.
LIC saw a decisive breakout of long falling resistance trendline adjoining highs of December 20 last year, and August 11 this year. The stock has formed a bullish candlestick pattern with long upper shadow on the daily charts with strong volumes.
Holding sufficient insurance coverage is always a crucial financial decision. The Covid pandemic emphasized its importance even further. However, the Economic Survey 2022-23 has raised a red flag associated with the customer’s preference for an investment-linked life insurance cover. It further highlighted that most life covers that are being sold have a small protection component and therefore carry a significant financial gap. So, that raises one question, “How much life insurance coverage will be adequate that provide financial support to your family in the event of the unexpected?”
The Financial Services Institutions Bureau also recommended M Rajeshwari Singh for CMD in National Insurance Company Limited and Ramaswamy Narayanan as CMD in General Insurance Corporation of India.
The Life Insurance Corporation of India (LIC) holds a significant position as the oldest and largest insurance company in India. Watch this Visual Story to see the 200-year journey of how European-origin Oriental Life Insurance became Life Insurance Corporation of India.
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 company's 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.