LIC Shares Surge, Brokerage Firms Set New Target Prices

Life Insurance Corporation of India (LIC) shares saw a strong rally on November 7th. While the overall market was under pressure, LIC stock gained over 4% on the day. The company’s shares opened at ₹910 and rose sharply to ₹936.95. At the end of the day, LIC stock closed at ₹924.15, up over 3%.

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LIC’s strong performance in Q2, profit up 32%

LIC released its Q2 results for the second quarter (Q2) of FY 2026 on November 6th. The company reported a standalone net profit of ₹10,053.39 crore for the same period last year, an increase of nearly 32% compared to the same period the previous year, when the company’s profit was ₹7,620.86 crore. LIC’s strong financial performance has further boosted investor confidence.

Brokerage Firms Raise Target Prices on LIC Shares

Following LIC’s strong results, several brokerage firms have revised their outlook on its shares. Domestic brokerage firm JM Financial has given the stock a ‘BUY’ rating and set a target price of ₹1,111, indicating a potential upside of approximately 24% from the current price.

Motilal Oswal has also given a ‘BUY’ rating with a target price of ₹1,080, while HDFC Securities has maintained an ‘ADD’ rating and set a target price of ₹1,065.

Borrower firm Bernstein has given a ‘Market-Perform’ rating and set a target price of ₹1,070. IMK Brokerage has given an ‘ADD’ rating to LIC shares and set a target price of ₹1,100 per share.

Below Record High

LIC shares were listed in 2022 at a price of ₹872 per share. The stock fell sharply in the initial months, falling to ₹530. However, LIC subsequently made a strong recovery, reaching an all-time high of ₹1,222 in August 2023. Currently, LIC shares are trading at ₹924.15, down from their peak but showing strong signs of recovery.

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What are the signs for investors?

Brokerage firms’ forecasts clearly indicate that LIC shares may see further gains in the coming months. The company’s profit growth, improving market share, and increasing demand in the insurance sector make it an attractive long-term investment.