Stay updated with breaking news from Chart Check. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The stock rose from Rs 161.65 as on 25th April 2023 to Rs 198.65 recorded on 25th July 2023 which translates into an upside of 23% in the last 3 months. The restaurant stock hit a record high of Rs 215 on 18th August 2022 but it failed to hold on to the momentum.
The stock also gave a breakout from an ascending triangle pattern on the weekly charts. The neckline of the ascending triangle pattern was placed above Rs 4,200 levels which happened in June 2023 and since then the stock has been trading above this level.
The stock rose from Rs 160.50 recorded on 21st March 2023 to Rs 229 as on 21st July 2023 which translates into an upside of 43%.
The stock hit a 52-week high of Rs 775 on 7th November 2022 but it failed to hold on to the momentum. The stock found support at Rs 557 on 29th March 2023 and then bounced back.
The stock fell more than 30% from its listing day high. LIC listed on bourses on 17th May 2022 and made a high of Rs 920. The stock closed at Rs 622 on 18th July 2023 which translates into a fall of nearly 33%.