LIC is making comeback

Stock is up from 590 to 740. Is dis stock candidate to cross 1000+ in 2023?

any technical or fundamental trggrs?

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What else is there?

:crossed_fingers:

Why stop there?

Beyond it’s IPO base is uncharted territory.

In the past one month, the stock price of LIC has surged 20 per cent, as against 1 per cent decline in the benchmark index. According to media reports, the government aims to appoint a private sector professional as the first chief executive of LIC. Government plans to modernise the largest insurer after a disappointing stock market debut, the report added.

According to Business Standard report, the finance ministry has proposed a host of amendments to the insurance laws - from granting insurers a composite licence to allowing them to sell different financial products.

https://www.business-standard.com/article/markets/lic-hits-over-6-month-high-stock-gains-10-in-two-days-122122000207_1.html