This share of 900 rupees will go up to 1300 rupees, market expert advice – buy it, just…

New Delhi. If you are thinking of investing in the market, stock market analyst Manas Jaiswal suggests betting on the country’s largest life insurance company. He says that LIC shares are expected to rise in the long term. He has said that if a person keeps investing in this share, this share can go up to 1300 rupees. In this regard, compared to the current price, it is a return of about 45 percent.

However, he also says that nothing can be said about what the bottom level of this stock will be. Jaiswal also says that investors should exit at the 200-day DMA. DMA stands for Daily Moving Average. 200 DMA means 200 day daily moving average. With this, traders know in the long term what the average closing price of the share will be after 200 days. LIC share’s 200-day DMA is Rs.790. This means investors should exit if the stock goes below Rs 790.

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1175 reached Rs.
LIC shares had touched a 52-week high of ₹ 1,175 per share on February 9 last month. However, it has now fallen to around Rs 904. On brokerage app Guru, 69 percent of experts are recommending buying the stock. The 52-week low price of this share is Rs.530.

Financial position of the company
According to the news published on CNBC, the shares are expected to increase due to the improvement in the financial condition of this company. The company’s revenue for the December 23 quarter was Rs 2.14 lakh crore. While in the September quarter it was Rs 2.03 lakh crore. Talking about the profit, the profit in the September quarter was Rs 8030 crore which increased to Rs 9469 crore in the December quarter.

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