LIC share price target 2024: LIC leads as market nears all-time high - BUY, SELL or HOLD?

LIC shares reached a 52-week high of Rs 1,087 on BSE, gaining 20.35% in the past month and 6.13% over the last five sessions. The stock price is above several key moving averages. Foreign Institutional Investors and mutual funds have increased their holdings. Antique Stock Broking recommends a buy with a target of Rs 1,160. LIC, part of the Nifty Next 50 index, has a P/E ratio of 18.25. LIC's IPO in 2022 raised Rs 21,008 crore, with shares priced between Rs 902 to Rs 949.