Licipo
LIC LISTING DAY UPDATE : SHOULD YOU HOLD IT OR SELL IT ??Hello !!
Welcome to the quick update of LIC INDIA share, one of the biggest IPO that was listed today morning.
Even after a lot of hype and huge market share, LIC IPO was not given much importance by the investors. The IPO was listed at a discount of around 9% at Rs 872. The retail investors got the gains as the IPO was provided at a discount to them. However, we saw some buying at the Rs 872 level, pushing the price all the way up to Rs 918. As of now, with the 1 min timeframe chart, I can see the stock can touch up to Rs 941.
LIC may be a good stock for long-term buying. As of now, we need to wait for a clear picture. Let's see how the market responds by the day close and we can take a possible entry if we see some positive response.
This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits.
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