lic share price
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LIC stock surges 5% after increasing stake in Dr Reddy’s Laboratories
The stock of Life Insurance Corporation of India surged 5 per cent on Friday, a day after the corporation increased its shareholding in Dr Reddy’s Laboratories.
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LIC gains bullish ratings from brokerages; target prices up to ₹1,340
Shares of LIC traded at ₹999 on the NSE, up by 0.07 per cent as of 10.25 am on Thursday. Brokerages have been bullish on the stock driven by strong equity and change in product mix. They expect stock to rise at least 20 per cent.