LIC, HDFC Life: Insurers stocks log up to 20% gain in July; what next?

Quick Summary:

Technical charts suggests that bias for insurance shares, barring Star Health, remain upbeat; hence, these stocks could see up to 12 per cent further upside from current levels.

On the charts, the stock is consistently seen facing resistance around its super trend line on the weekly scale, which stands at Rs 619.

Star Health stock has relatively underperformed its peers, as it gained just 8.5 per cent in July.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Lic stock Insurance stocks Star health insurance Insurers Stocks in news Trading strategies Icici purdential life Stocks to buy Hdfc life Sbi life stock

Source Website Secure: Yes (HTTPS)

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-01 @ 11:51:24 (10 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 732 words

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Copyright Owner: © Business Standard

News ID: 21882725

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