LIC Hits 52-Week Low Amid Broader Sector Challenges and Market Volatility

Jan 13 2025 03:05 PM IST
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Life Insurance Corporation of India (LIC) has faced significant volatility, hitting a new 52-week low amid a four-day decline. The stock is underperforming its sector and trading below key moving averages, reflecting ongoing challenges in a competitive market, with a year-over-year performance decline contrasting with broader market gains.
Life Insurance Corporation of India (LIC) has experienced notable volatility, reaching a new 52-week low of Rs. 810.75 on January 13, 2025. This decline is part of a broader trend, as the stock has fallen for four consecutive days, accumulating a total decrease of 7.35%.

On the current trading day, LIC's stock underperformed the sector by 0.65%, with an intraday low of Rs. 810.75, reflecting a drop of 3.38%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, signaling a bearish trend.

Over the past year, LIC's performance has declined by 2.32%, contrasting with the Sensex's gain of 5.27%. The finance and NBFC sector has also faced challenges, with an overall decrease of 2.58%. These trends highlight the current challenges facing LIC in a competitive market environment.
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