(LIC) Life Insurance Corporation of India
(LIC) Life Insurance Corporation of India , The market valuation of the company was Rs 7.23 lakh crore, considering the all-time high of Rs 1,144.45 per share.
Life Insurance Corporation of India saw a more than 6% increase in its share price on Thursday. The company’s market valuation increased to Rs 6.99 lakh crore, making it the sixth most valuable in the world.
On the BSE, the stock increased 5.86% to close at Rs 1,106.25 a share. It increased by 9.51% during the day to reach a record high of Rs 1,144.45.
It increased 6.46 percent to Rs 1,112 a share on the NSE. The market value of the company increased to Rs 6,99,702.87 crore, an increase of Rs 38,740.62 crore. This overtook ICICI Bank and placed the company as the fifth most valuable corporation by market capitalization (mcap).
The market valuation of the company was Rs 7.23 lakh crore, considering the all-time high of Rs 1,144.45 per share.
On Wednesday, Prime Minister Narendra Modi informed the Rajya Sabha that although the opposition had circulated false information regarding LIC, the company’s shares were now trading at all-time highs.
Listed at Rs 19,64,044.94 crore on the market, Reliance Industries is the most valuable company in the nation. It is valued at Rs 15,13,218.99 crore by Tata Consultancy Services, Rs 10,66,150.51 crore by HDFC Bank, Rs 7,02,754.66 crore by Infosys, and Rs 6,99,702.87 crore by LIC.
State Bank of India (SBI) was eclipsed by LIC last month to take the top spot as the nation’s most valuable PSU company based on market valuation. In May 2022, the biggest insurance in the nation went public. Through an Initial Public Offering (IPO), the government has sold more than 22.13 crore shares, or 3.5 percent of Life Insurance Corporation. 96.5 percent of the corporation is owned by the government.
On Monday, the price of LIC’s shares increased by around 6%, breaking the Rs 1,000 barrier for the first time. This year, the stock has increased by almost thirty-three percent.
by,HHM