LIC shares fall 3.43% despite 20% Q2 profit rise

LIC fell 3.43% to ₹394 on 6 November 2026 despite a 20% rise in Q2 profit, with ₹377 and ₹418 as key levels. Life Insurance Corporation of India [ LICI ] fell 3.43% on 6 November 2026 to close at ₹394, a day after reporting Q2 FY27 results. Net profit rose 20% year on year to ₹12,076 crore from ₹10,053 crore. Total income rose to ₹2,62,739 crore from ₹2,39,614 crore. The market looked beyond profit, as reports pointed to slower APE growth and a value of new business below estimates. On the daily chart, the stock has made lower highs since the 2024 peak and stayed between ₹361 and ₹450 since mid-2025. This week it moved above the previous swing high but could not hold, so the breakout failed. Friday’s candle opened at the high of ₹404 and closed near the low. RSI is at 49.32, near the neutral mark, while the market structure looks weak. What next: ₹377 is the immediate support, and a close below it may open the way towards ₹361, the major support tested in 2025 and 2026. On the upside, ₹418, where the earlier swing high and this week’s high meet, is the key resistance. Conclusion: Profit growth was healthy, but weak structure keeps the near-term tone cautious. Disclaimer: I do not hold any position in the stock discussed. This content is informational, not a recommendation. Investments in securities are subject to market risks. Read all related documents carefully before investing.