LIC stock was trading 0.31% higher at Rs 551 against the previous close of Rs 549.30 in early trade today. Market cap of the firm stood at Rs 3.48 lakh crore.
LIC stock was trading 0.31% higher at Rs 551 against the previous close of Rs 549.30 in early trade today. Market cap of the firm stood at Rs 3.48 lakh crore.
LIC vs HDFC Life Insurance: LIC stock has disappointed investors since its market debut. The shares of India's largest insurance company have slipped over 31 per cent below their listing price.
LIC share price today: Shares of Life Insurance Corporation (LIC) are trading 27 per cent lower to their initial public offer (IPO) listing price. Investors have lost nearly Rs 1.5 lakh crore wealth in LIC since May 17 (listing date). The stock of India's largest insurer has traded below its listing price for a majority of period since its debut. This implies that a majority of investors who bought the stock on or after listing are sitting on losses. The stock saw a weak listing on May 17 amid highly volatile market conditions. LIC stock made its debut at a discount of 8.62 per cent at Rs 867.20 against the IPO issue price. The company offered its shares in a price band of Rs 902- Rs 949.
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.