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LIC shareholders lose Rs 1.23 lakh crore in 16 sessions, what's next ?

LIC stock declined 3.24 per cent intraday to Rs 752.15 against the previous close of Rs 777.40 on BSE. ....

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Wealth destruction for LIC shareholders: Rs 94,000 crore wiped out in two weeks

Shareholders of Life Insurance Corporation (LIC) have lost Rs 94,116 crore in the last 14 trading sessions due to weak investor sentiment in highly volatile market. Market capitalisation of the public sector insurer fell to Rs 5,06,126 crore today against market cap of Rs 6,00,242 crore, going by the upper price band of India's largest initial public offer (IPO). ....

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