LIC hits fresh record low; falls 32% below issue price
LIC shares have eroded investors’ wealth by ₹1.9 lakh crore as m-cap fell to ₹4.1 lakh crore as compared to the valuation of around ₹6 lakh crore during the listing.
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LIC shares surge 3% post robust Q1; should you buy, hold, or sell?
LIC has reported multifold growth in its net profit at ₹682.89 crore in Q1 FY23, compared to ₹2.94 crore in the Covid-disrupted last year’s June quarter.
LIC share rises on rating boost; JP Morgan sees 29% upside
JP Morgan India has initiated coverage on LIC of India with an 'overweight' rating and a target price of ₹840.
LIC ups stake in Hero MotoCorp, CAPRI, HUL
State-owned insurer LIC’s stake in Hero has increased to 11.2%, while in CAPRI and HUL, its shareholding rose to 7.05% and 5%, respectively.
Jittery anchor investors crucial link to LIC share price crash
Every LIC IPO subscriber holding on to its shares is making a loss of ₹280.75 per share as on June 13, 2022, which is likely to increase as more of anchor investor shares flood the market.
LIC share extends fall for 10th session; erodes investors’ wealth by 1.71 lakh cr
On Monday, LIC shares declined 4.5% to hit their lowest level of ₹676.05, driven by sustained selling as the lock-in period for anchor investors ends today.
LIC shares hit fresh low; down 24% from issue price
LIC shares have wiped out ₹1.4 lakh crore of investors’ wealth as market-cap dropped to ₹4.57 lakh crore as compared to around ₹6 lakh crore at the time of listing.
The Brief: More Downside In Store For LIC Stock?
The dismal market debut shows the country’s largest life insurer is yet to prove its mettle before investors.
LIC becomes 5th largest listed firm in m-cap; bigger than top 5 insurers
At the current share price, LIC's m-cap is higher than the industry giants like Hindustan Unilever (₹5.3 lakh crore) and ICICI Bank (₹4.9 lakh crore).
LIC share makes weak debut; lists at 9% discount
LIC shares opened at ₹867.20 on the BSE, down 8.6% from the upper end of the IPO price band of ₹902 to ₹949 per share.
