Lic Stock News Today

After Israel & Iran attack on each other, crude oil increased by 3 percent. Middle East conflict will have an impact on all oil related stocks like OMCs, paints, tyres & aviation.

GQG has been adding stocks across infrastructure, consumer goods and energy sectors in the India equity market which topped the $4 trillion mark, cementing its status as one of the best performers in the emerging world.

The LIC stock opened at ₹1,068 per share on Mondays trading session, up by 2.7 percent from previous close at ₹1,039 per share on Friday last week.

LICs shares have surged 80% in the past three months, making it Indias most valuable PSU company and the fifth most valuable Indian listed company. In todays trading session, the stock soared to another record high of ₹1,175 with a gain of 6.3%.

LICs stock climbed 1.9% on Tuesday, to close at its highest level since its IPO in May 2022. The climb over the past 10 months has coincided with a broader surge in Indian equities thats added some $30 billion to LICs market value.

LIC surpasses SBI in market cap to become Indias most-valued PSU stock after a solid stock rally. LICs market value crosses Rs 5.75 lakh crore, while SBIs is around Rs 5.65 lakh crore. The finance ministry exempted LIC from the 25% minimum public shareholding (MPS) norms till 2032, reducing the possibility of an offer for sale. Brokerages upgraded LIC with buy calls, citing attractive valuation, growth revival in FY25, and potential increase in dividend.

India Business News: LIC, the insurance major, brought good news for its investors as its stock price reached the Rs 900 mark on BSE, resulting in positive returns for pol

Nifty 50 and S&P BSE recorded modest gains as the Indian markets traded within a range with a positive bias. Sectors like Nifty Auto and Nifty Pharma achieved new all-time highs, while mid and small caps continued to surge.

Shares of LIC surged 9.7% during Fridays trade, hitting a 10-week high of ₹677.65 apiece, marking the largest intraday gain since listing in May 2022.

On a year-to-date basis, the stock has given negative returns of nearly 12%, whereas the benchmark Nifty 50 has given positive returns of over 7% in the same period.