LIC Shares Surge 34% from 52-Week Low Amid Positive Market Trends

Significant Recovery in LIC Shares

Mumbai, July 3: The shares of Life Insurance Corporation (LIC) have experienced a remarkable recovery, climbing approximately 34.41% from their 52-week low of Rs 715.30. This surge is attributed to enhanced technical indicators, favorable market sentiment, and optimistic ratings from brokerage firms.

The stock of the public sector insurer had faced a decline of nearly 40% between August 2024 and February 2025 due to ongoing selling pressure, but it has shown a robust recovery since March.

In a span of just four months, LIC has regained a substantial portion of its earlier losses. On Thursday, the stock opened flat at Rs 958 on the National Stock Exchange (NSE) and reached a peak of Rs 961.50 during intra-day trading.

However, it later consolidated, trading at Rs 949.10, reflecting a decrease of Rs 8.90 or 0.93% from the previous close around 1:20 pm.

This recovery has positively impacted the company's market capitalization, which surpassed the Rs 6 lakh crore mark in mid-June after a seven-month hiatus, adding Rs 2 lakh crore in value.

Brokerage firms remain optimistic about the stock's future. ICICI Securities projects that LIC shares could rise to Rs 1,040, while Geojit Financial Services has set a target of Rs 1,088, both maintaining a "buy" recommendation.

Although the upward trend began in March, a significant catalyst was the strong performance reported in the March quarter (Q4), bolstered by record policy sales.

LIC made headlines by selling 588,107 policies in a single day on January 20, achieving a Guinness World Record, alongside impressive financial and asset under management (AUM) performance.

According to the 'Brand Finance India 100 report for 2025', the government-owned insurance giant ranks 4th among the top 10 most valuable brands in India, with a brand value of $13.6 billion in 2025, reflecting a 35.1% increase from its 2024 brand value of $10.07 billion.