LIC hits over 6-month high; stock gains 10% in two days

In past one month, the stock price of LIC has surged 20 per cent, as against 1 per cent decline in the S&P BSE Sensex.

Shares of Life Insurance Corporation of India (LIC) hit an over six-month high of Rs 754.40, as they gaining 3 per cent on the BSE in Tuesday's intra-day trade, in an otherwise weak market.

In the past two trading sessions, the stock of state-owned insurer has rallied 10 per cent. It traded at its highest level since June 7, 2022. At 09:40 AM, LIC shares were trading 2 per cent higher at Rs 749.80, as compared to 0.82 per cent decline in the S&P BSE Sensex.

In the past one month, the stock price of LIC has surged