LIC shares were listed on May 17, 2022, at a discount of 8.6% to the upper price band of Rs 949 per equity share. The stock was trading amid significant volumes with over 48.64 lakh shares changing hands on the NSE around 11:20 am. Extending Monday s gains, the stock has shot up 8% in two sessions.
LIC dominates India's insurance sector. The 66-year-old company was the fifth-biggest global insurer in terms of insurance premium collection in 2020. Even after that, shares got listed at a discount price.