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14/03/2024
The one-year stock price trend of Life Insurance Corporation of India (LIC) indicates significant fluctuations. Starting from early January 2024, the stock experienced a notable upward movement, reaching a peak in early February. Specifically, on February 8, 2024, the stock reached highs around 1,145.00 INR. However, this peak was followed by a decline, with the stock price dropping to lows around 990.00 INR in mid-February. After this dip, the stock showed recovery, climbing back up and closing at 1,064.40 INR on February 22, 2024.
This trend suggests a volatile period for LIC's stock, with sharp increases followed by declines, and then partial recovery. Investors should consider these movements, along with the factors that may influence such volatility, which could include market sentiment, financial performance, and broader economic conditions affecting the insurance sector.