LIC shares fell after a profit of Rs 12,930 crore, then the price crossed Rs 900, what will be the next target now?

News Topical, Digital Desk : Life Insurance Corporation of India (LIC) shares are seeing a strong rally following its third quarter results, rising more than 7 percent. LIC shares opened at ₹847 and hit an intraday high of ₹905. Significantly, with this surge, LIC shares have once again surpassed their listing price.

The country's largest insurance company, Life Insurance Corporation of India, released its third quarter results (LIC Q3 Result) after market hours on February 5. In Q3 of FY26, LIC reported a consolidated net profit of ₹12,930 crore, a 17% increase from the net profit of ₹11,008.65 crore in the third quarter of FY25. LIC's net premium income increased to ₹1,25,988.15 crore.

Expert View on LIC Result

Abhishek Bhatt, wealth manager and independent market expert, said, "LIC's Q3 results, with a nearly 17% increase in profit, better control on expenses, and improved business quality, indicate that LIC is slowly but surely moving in the right direction. The positive approach from the government on tax and GST-related issues regarding the insurance sector has supported demand."

Important level for LIC shares

Abhishek Bhatt says that from a technical perspective, LIC stock appears to be emerging from a prolonged lull. The range breakout, accompanied by strong volume, indicates growing interest not only from retail investors but also from institutional investors.

LIC stock is currently trading around ₹897, which is technically close to a strong resistance zone. Following the recent rally, the stock is now in an overextended zone, meaning the upside has already been largely factored into the price.

The ₹900–920 zone is currently a major challenge. If the stock stays above this level for 2–3 sessions and volume remains consistent,

The next target could open towards ₹950–980.

facing down:

First Support: ₹860–840
Strong Support: ₹800–810

Jigar S. Patel, Senior Manager, Equity Research, Anand Rathi Investment Services, said that a major resistance for LIC shares is Rs 905, which the stock touched today. If this level is breached, a move towards Rs 915 is possible. On the downside, Rs 870 is a key support.

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