Life Insurance Corporation of India Trades 1.56 Million Shares, Total Value Hits Rs 141.41 Crores

Life Insurance Corporation of India (LICI) has emerged as one of the most active equities today, reflecting significant trading activity in the insurance sector. The stock recorded a total traded volume of 1,564,061 shares, with a total traded value of approximately Rs 141.41 crores.
Opening at Rs 910.0, LICI reached an intraday high of Rs 914.0, marking a 2% increase, before settling at a last traded price of Rs 903.1. This performance indicates a reversal trend, as the stock has gained after two consecutive days of decline. Notably, LICI outperformed its sector by 1.45%, while the broader market, represented by the Sensex, saw a decline of 0.65%.

Despite this positive movement, investor participation appears to be waning, with delivery volume dropping by 38.8% compared to the five-day average. The stock remains liquid, with a trading capacity sufficient for a trade size of Rs 3.14 crores, and is currently positioned above its 20-day, 50-day, and 200-day moving averages, although it is below the 5-day and 100-day averages.

In summary, LICI's recent trading activity highlights a notable rebound in performance amidst fluctuating investor engagement.