Back LIC share cost hits record high in front of Q3 results today. Purchase, hold or book benefit?

Source:Mint

LIC share price today ascended to a new peak of ₹1,100 apiece on NSE

Q3 results today: Insurance giant LIC will announce results on Thursday where new business premium growth is expected to remain healthy, say experts.

Securities exchange today: In front of the declaration of Q3 results today for the ongoing monetary year, portions of the Disaster protection Enterprise (LIC) moved to another top during morning bargains. LIC share cost today opened potential gain and proceeded to contact another high of ₹1,100 each on NSE inside a couple of moments of the securities exchange’s initial ringer.

As per securities exchange specialists, LIC is supposed to declare today Q3 results. They said that LIC Q3 FY24 results are normal positive as new business charge development is supposed to stay smart for the protection behemoth.

LIC Q3 results 2024 in center
Expecting solid LIC Q3 results 2024, Siddhartha Khemka, Head – Retail Exploration at Motilal Oswal said, “Insurance monster LIC will report results on Thursday where new business payment development is supposed to stay sound.”

On why the market is bullish on LIC shares in front of Q3 results today, Avinash Gorakshkar, Head of Exploration at Profitmart Protections said, “Market is expecting better quarterly numbers from the protection behemoth, which is a PSU as well. The transient trigger for LIC and other PSU stock areas of strength for is and development viewpoint communicated by PM Narendra Modi in the upper place of the parliament.”

LIC share cost target
Expecting further potential gain in LIC shares, Sumeet Bagadia, Leader Chief at Decision Broking said, “LIC shares are looking positive on the graph design. The people who have this stock can hold the scrip keeping up with stop misfortune at ₹1020 each level. The stock might go up to ₹1,150 per share level temporarily.”

On the idea to new financial backers, Sumeet Bagadia said, “New financial backers can keep up with purchase on plunges procedure keeping stop misfortune at ₹1020 for momentary focuses of ₹1125 and ₹1150 each.”

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