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LIC Stock at All-time Low: The each day decline within the shares of LIC (Life Insurance Corporation of India) continues. In at the moment’s buying and selling, LIC’s inventory made a brand new low for the third consecutive day. LIC’s inventory closed once more at the moment after a fall of two.15 p.c. LIC’s inventory closed at Rs 738, down virtually 2 per cent on BSE. On the opposite hand, LIC’s inventory on NSE closed at 736.80 with a fall of Rs 16.20 or 2.15 p.c.
Investors misplaced round Rs 1.4 lakh crore
Since the shares of LIC have been falling for the reason that change itemizing, the traders who had invested their cash within the IPO have confronted an enormous decline of their portfolio. The authorities had bought its 3.5 p.c stake by way of IPO. The worth of LIC within the IPO was round Rs 6 lakh crore, which has now come right down to Rs 4,66,784.83 crore. The firm’s market capitalization has come right down to round Rs 4.6 lakh crore, which suggests traders have just lately misplaced round Rs 1.4 lakh crore.
LIC shares had been listed on May 17
LIC shares did a weak itemizing on the inventory exchanges on 17 May. It was listed on the inventory exchanges at a reduction of 8.62 per cent at Rs 867, which was Rs 82 under the IPO value of Rs 949. Now the share value is at its all-time low of Rs 736, which is a decline of a bit over 22 per cent from its IPO value.
lic earnings figures
In phrases of earnings, the state-run insurance coverage firm reported a internet revenue of Rs 2409 crore throughout FY22, a decline of 17 per cent year-on-year from the corresponding quarter of the earlier fiscal.
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