What's Ailing The LIC Stock? | Experts Fear Further Selling Pressure | India Development Debate

Shares of Life Insurance Corporation tumbled to an all-time low of Rs. 755 on the 6th of June and remained in the correction mode for the sixth trading session in a row today. The stock noted an overall 14% fall since its listing amid high anticipation surrounding the market debut of the insurer. The LIC stock traded at its highest price of Rs. 876 on the 18th of May since its listing. Is the insurance behemoth headed for more pain? What is ailing the LIC stock? Is it headed towards a Rs. 700 - Rs. 750 price band? We break it all down on the India Development Debate with Aditya Shah, CIO, JST Investments and Abhishek Basumallick, Founder, Intelsense Capital. Tune in!#LIC #StockMarket #IndiaDevelopmentDebate

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