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The overall collection would have been much lower had it not been for the ₹20,557-crore LIC public offer, which constitutes as much as 35 per cent of the total amount raised during the year. Investors remained jittery throughout 2022 on recessionary fears and rising interest rates amid soaring inflation. “The year 2023 will be tough, […]
An eye-popping $17 billion wipeout in market value has made Life Insurance Corp of India one of the biggest wealth destroyers among Asia’s initial public offerings this year. Having plunged 29% since its May 17 debut, India’s biggest ever IPO now ranks second in terms of market capitalization loss since listing, according to data compiled […]
LIC share price: After having a discounted listing on NSE and BSE on 17th May 2022, LIC shares have remained under sell-off pressure and has been making record lows on regular basis. On Thursday session, LIC share price made a new low of ₹720.10 apiece levels on NSE, losing around 24 per cent from upper […]
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LIC investors lost over ₹1.08 lakh cr since debut against IPO issue price | Mint ₹5 lakh crore,Markets,RBI policy,LIC first year premium April 2022,LIC first year premium,LIC premiums,Stock markets,LIC losses”/> ₹5 lakh crore,Markets,RBI policy,LIC first year premium April 2022,LIC first year premium,LIC premiums,Stock markets,LIC losses”/> Source link
LIC share price: Extending the sell-off for the fifth straight session, shares of the Life Insurance Corporation (LIC) of India nosedived to its new low today in Monday’s morning deals. LIC share price today opened at ₹800.25 apiece levels on NSE and went on to hit new low of ₹786.10 apiece levels in the opening […]
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Shares of Life Insurance Corporation of India (LIC) declined in Friday’s trading session to its lowest level since listing of ₹801 apiece on the BSE. LIC shares, that made stock market debut on May 17, 2022, are down more than 15% from its IPO issue price. Earlier this week on Monday, the state-run insurance behemoth […]
On BSE, LIC shares closed in red at ₹810.55 apiece, however, flat compared to the previous closing. Its market cap stands at ₹5,12,672.69 crore. LIC floated between an intraday high and low of ₹817 apiece and ₹808.55 apiece respectively today. The shares neared their 52-week low of ₹801.55 apiece. This led LIC’s market cap to […]
On BSE, LIC shares closed in red at ₹810.55 apiece, however, flat compared to the previous closing. Its market cap stands at ₹5,12,672.69 crore. LIC floated between an intraday high and low of ₹817 apiece and ₹808.55 apiece respectively today. The shares neared their 52-week low of ₹801.55 apiece. This led LIC’s market cap to […]
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The largest insurer, LIC witnessed a steep selloff on Tuesday’s trading session before closing near the day’s low. The performance comes after LIC’s financial results for March 31, 2022, period. Notably, LIC’s stock also tracked the bearish tone of markets and also the downfall of some major peers. LIC’s market cap corrected by nearly ₹17,000 […]
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Life Insurance Corporation of India (LIC) on Tuesday informed that its board will meet next week on Monday to consider and approve the audited Annual Financial Results (standalone and consolidated) for the quarter/year ended on March 31, 2022 and also payment of dividend, if any. “It is informed that a meeting of the Board of […]
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