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Shares of Life Insurance Corporation of India (LIC) experienced a decline of over 2% on Tuesday, March 19, reaching an intra-day’s low of Rs 882.30. This marks the sixth consecutive session of selling pressure for the company. The stock opened at Rs 905 and witnessed a 2% plunge. Over the last six sessions, LIC’s stock has dropped approximately 12%. The downward trend in LIC ’s stock can be attributed to plans to raise wages by about 17% for its 1.10 lakh employees. This hike is expected to have a significant impact on LIC, with an estimated annual implication exceeding Rs 4,000 crore. O...