LIC Share Price Edges to ₹799 with 0.17% Gain Amid Steady Insurance Sector Sentiment
Life Insurance Corporation of India (LIC) saw a marginal uptick of ₹1.35 on April 17, closing at ₹799 as investor sentiment remained neutral across insurance stocks.
Key Highlights:
Life Insurance Corporation of India (LIC), the country’s largest insurance company, recorded a 0.17% increase in share price on April 17, closing the session at ₹799.00. The marginal rise reflects a neutral outlook in the insurance sector as investors await results season triggers and updates on policy-related reforms.
Daily Trade Snapshot
- Open: ₹799.95
- High: ₹802.55
- Low: ₹792.35
- Close: ₹799.00
- Previous Close: ₹797.65
LIC traded within a narrow band throughout the day. After dipping below ₹794, it recovered in the second half of the session and held ground above ₹798 during the closing hour.
Fundamentals and Market Stats
- Market Cap: ₹5.05 lakh crore
- P/E Ratio: 11.74
- Dividend Yield: 1.25%
- 52-Week High: ₹1,222.00
- 52-Week Low: ₹715.30
The attractive valuation (P/E 11.74) and steady dividend yield of 1.25% continue to support investor confidence in LIC as a PSU insurance giant, despite sectoral headwinds.
Why Did LIC Remain Range-Bound Today?
Several reasons contributed to LIC’s low volatility:
- Lack of strong triggers ahead of Q4 results.
- Stable interest rate environment leading to muted action in long-term bond-dependent sectors like insurance.
- Sector-wide consolidation in PSU stocks as traders reallocate to earnings-sensitive counters.
- Absence of major FII inflow or domestic institutional buying in the session.
Analyst Insights: ₹790 Support, ₹805 Resistance
Market experts note:
- ₹790 remains a strong intraday support; below that, next watch level is ₹785.
- Immediate resistance sits at ₹805–₹808, breach of which may invite fresh buying.
- The broader trend remains neutral; breakout likely post-Q4 results.
What This Means for You
For traders:
- LIC remains a low-volatility counter, ideal for positional plays with minimal risk.
- Consider trading the ₹790–₹805 range with strict stop-losses.
For investors:
- LIC offers stable dividend income and is a solid long-term hold for portfolios focused on government-backed financials.
- Best accumulated during corrections for insurance sector diversification.
How to Take Action
- Track the upcoming Q4 results, especially embedded value growth, new premium collections, and VNB (Value of New Business) margins.
- Watch for government policy updates on FDI in insurance, IPO stake dilution, or bancassurance partnerships.
- Benchmark against peers like HDFC Life, SBI Life, and ICICI Prudential.
Who Will Be Affected
- Long-term LIC shareholders looking for steady returns and PSU exposure.
- Insurance-focused mutual funds and ETFs.
- Institutional investors eyeing dividend-yielding defensive plays in the financial sector.
LIC Share Price Ends at ₹799 – Investors Await Earnings and Policy Direction
The LIC share price saw a muted rise of 0.17% on April 17, reflecting a lack of directional cues in the insurance sector. As investors await LIC’s Q4 results and reform announcements, the stock remains in a consolidation phase with stable long-term outlook and attractive value proposition.
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