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LIC shares jump 9%. Here are 2 reasons behind the surge

The total amount of refund was Rs 25,464.46 crore. However, the Income Tax department released Rs 21,740.77 crore in February. In Q3 FY24, LIC reported a standalone net profit of Rs 9,444 crore for the quarter ended December 2023. ....

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Modi effect? LIC shares zoom 9% to become 4th largest stock, bigger than ICICI Bank

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). ....

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