LIC Inventory at All-time Low: The day-to-day decline within the stocks of LIC (Lifestyles Insurance coverage Company of India) continues. In lately’s buying and selling, LIC’s inventory made a brand new low for the 3rd consecutive day. LIC’s inventory closed once more lately after a fall of two.15 p.c. LIC’s inventory closed at Rs 738, down nearly 2 consistent with cent on BSE. Alternatively, LIC’s inventory on NSE closed at 736.80 with a fall of Rs 16.20 or 2.15 p.c.
Buyers misplaced round Rs 1.4 lakh crore
For the reason that stocks of LIC were falling for the reason that trade checklist, the traders who had invested their cash within the IPO have confronted an enormous decline of their portfolio. The federal government had bought its 3.5 p.c stake via IPO. The worth of LIC within the IPO was once round Rs 6 lakh crore, which has now come right down to Rs 4,66,784.83 crore. The corporate’s marketplace capitalization has come right down to round Rs 4.6 lakh crore, which means that traders have lately misplaced round Rs 1.4 lakh crore.
LIC stocks had been indexed on Would possibly 17
LIC stocks did a susceptible checklist at the inventory exchanges on 17 Would possibly. It was once indexed at the inventory exchanges at a bargain of 8.62 consistent with cent at Rs 867, which was once Rs 82 beneath the IPO value of Rs 949. Now the proportion value is at its rock bottom of Rs 736, which is a decline of a little bit over 22 consistent with cent from its IPO value.
lic profits figures
With regards to profits, the state-run insurance coverage corporate reported a web benefit of Rs 2409 crore all through FY22, a decline of 17 consistent with cent year-on-year from the corresponding quarter of the former fiscal.
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Inventory Marketplace Last: Proportion marketplace closed at the day of RBI coverage, Sensex misplaced 214 issues, Nifty closed at 16,356