LIC s shares have surged 80% in the past three months, making it India s most valuable PSU company and the fifth most valuable Indian listed company. In today s trading session, the stock soared to another record high of ₹1,175 with a gain of 6.3%.
Shares of Life Insurance Corporation (LIC) jumped over 3 percent to hit a fresh record high of Rs 1,100 on NSE ahead of its Q3 earnings report later today.
LIC s m-cap crossed the Rs 7 lakh crore mark for the first time on Thursday to become India s fourth largest stock by beating ICICI Bank and Infosys. The value of LIC shares is now double that of its next 3 listed competitors - HDFC Life (Rs 1.3 lakh crore), SBI Life (Rs 1.49 lakh crore) and ICICI Prudential Life Insurance (Rs 76,000 crore).