Lic Stocks News Today

Amount from share sales at ₹39,163 crore, 31% higher than a year earlier

On the volume front, 1.55 crore shares were traded on the NSE, while 5.66 lakh shares changed hands on the BSE, during the day.

NEW DELHI: Shares of Life Insurance Corporation (LIC) on Friday rallied nearly 10 per cent, defying a muted trend in the broader market.

Life Insurance Corporation of India (LIC), the nation's largest insurer, experienced a significant jump in shares due to expectations of double-digit

Life Insurance Corporation of India, incorporated in the year 1956, is a Small Cap company (having a market cap of Rs 384433.36 Crore) operating in Financial Services sector.

The benchmark equity index BSE Sensex gained 3.5 per cent on a year-to-date (YTD) basis. Market watchers believe buying by foreign institutional investors since July onwards aided market sentiment in the recent past. Overall, sentiment stood highly volatile in the ongoing calendar year due to rising inflation which forced the central banks to increase interest rates globally.

Life Insurance Corporation of India (LIC) has emerged as one of the biggest wealth destroyers among Asias initial public offerings in 2022. LIC IPO, which was Indias biggest ever IPO after Paytm (2021) and Coal India (2010), is now at the second spot in terms of loss in market cap since listing. I

Since its IPO, LIC's market capitalization has dropped by Rs 1.2 lakh crore.

Shares of the insurer have been priced at the upper end of the IPO price range. They were available in a price band of Rs 902 to Rs 949 per share.

LIC listing: Market watchers believe that the ongoing volatility weighed down on the insurance titan’s listing.