LIC Share: Today for the first time the company’s stock has crossed the level of Rs 1000. LIC shares rose 6 percent during trading on Monday. After this rise, the market cap of the company increased by more than Rs 6 lakh crore.
LIC Share Price: Shares of the country’s largest life insurance company LIC (LIC Share Price) have done wonders. Today for the first time the company’s stock has crossed the level of Rs 1000. LIC shares rose 6 percent during trading on Monday. After this rise, the market cap of the company increased by more than Rs 6 lakh crore.
Today the company’s stock closed at the level of 995.75 with a rise of 5.32 percent i.e. Rs 50.30. At one point during today’s trading, the stock had risen by 8.81 percent to reach its 52-week record level of Rs 1,027.95. Its shares rose by 5.64 percent at Rs 998.85 on NSE.
MCAP reached Rs 6,32,721.15 crore
Amid the rise in the stock market, the market cap of LIC increased by Rs 35,230.25 crore to reach Rs 6,32,721.15 crore. So far this year, LIC shares have risen by 20 percent.
How much did the stock increase in 6 months?
In the last 6 months, LIC has given a return of 51.90 percent i.e. Rs 340.20 to investors. At the same time, in the last one year the share has given a return of 65.99 percent to the investors.
SBI was also left behind
At the same time, last month LIC became the most valuable public sector company in the country by leaving behind State Bank of India (SBI) in terms of market cap. However, Reliance Industries is the most valuable company in the country with an mcap of Rs 19,46,521.81 crore.
The listing took place in May 2022
The country’s largest insurance company LIC was listed in the stock market in May 2022. At that time, the government had sold more than 22.13 crore shares i.e. 3.5 percent stake in LIC through IPO. The government still holds 96.5 percent stake in the company.