Shares of Life Insurance Corporation (LIC) have risen for the two straight sessions after the lock-in period for anchor investors in the country's largest initial public offering (IPO) ended on June 13. The stock, which closed at Rs 668.2 on June 13 ended at Rs 690.45 today, translating into a gain of 3.32 per cent during the period.
Shares of Life Insurance Corporation (LIC) fell to their record low amid a market crash today as the lock-in period for anchor investors in the country's largest initial public offering (IPO) ended today. Sentiments around the stock were also weak as equity market tanked in early trade today. LIC stock declined 3.94 per cent intraday to Rs 681.70 against the previous close of Rs 709.70 on BSE.
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Shares of Life Insurance Corporation (LIC) fell to a record low amid bearish market sentiment today. LIC stock declined 1.76 per cent intraday to Rs 709.20 against the previous close of Rs 721.95 on BSE.
The market capitalisation of the public sector insurer fell to Rs 4.49 lakh crore today against a market cap of Rs 6,00,242 crore, going by the upper price band of India's largest initial public offer. The fall in the stock comes a few days ahead of the end of the lock-in period for anchor investors in the country's largest initial public offering (IPO).
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