LIC stock breaks above 200-DMA after 8 months; here's what may happen next

Technical chart indicates that LIC share price can potentially appreciate up to ₹1,080 levels; here are the key support and resistance levels to watch out for.

Life Insurance Corporation (LIC) of India stock rallied nearly 9 per cent to an intra-day high of ₹948 on Wednesday, a day after the state-run insurer announced its Q4 results.  LIC on Tuesday after market hours reported a 38 per cent year-on-year (YoY) growth in net profit at ₹19,013 crore for the fourth quarter ended March 2025 when compared with ₹13,763 crore posted in the corresponding quarter a year ago.  LIC's total income, however, slipped by 3.7 per cent YoY to ₹2,41,625 crore from ₹2,50,923 crore in the same reported period. The insurer also