Mumbai, July 3 || Life Insurance Corporation (LIC) shares have staged a sharp rebound, rising nearly 34.41 per cent from their 52-week low of Rs 715.30, driven by improved technical indicators, positive market sentiment, and upbeat brokerage ratings.
The public sector insurer’s stock, which had declined nearly 40 per cent between August 2024 and February 2025 due to persistent selling pressure, has made a strong comeback since March.
In just four months, it has recovered a significant portion of its losses. LIC shares began Thursday’s intra-day trading session flat at Rs 958 on the National Stock Exchange (NSE) and touched a high of Rs 961.50.
However, the stock consolidated later and was trading at Rs 949.10, down Rs 8.90 or 0.93 per cent from the previous close around 1:20 pm.
The recovery has also boosted the company’s market capitalisation, which crossed the Rs 6 lakh crore mark in mid-June after a gap of seven months, adding Rs 2 lakh crore in value.
Brokerages remain bullish on the stock. ICICI Securities expects LIC shares to climb to Rs 1,040, while Geojit Financial Services has set a target of Rs 1,088, with both maintaining a "buy" rating.