LIC Shares Surge to New 52-Week High of ₹900

LIC Shares Surge to New 52-Week High of ₹900

VoM News Desk | January 16, 2024 | 03:58 PM IST | Breaking News | Follow on Google News

LIC Shares Surge to New 52-Week High of ₹900/Bloomberg

LIC Shares Surge to New 52-Week High of ₹900

Shares of Life Insurance Corporation (LIC) rose by 5.30% during intraday trading, reaching ₹900 apiece, marking a new 52-week high. This level has not been seen since its listing in May 2022. Despite facing downward pressure post-listing, the stock experienced a notable turnaround in November, with a gain of 12.83%, followed by a robust upward momentum in December, marking a rise of 22.52%. In the current month, the stock has shown a further increase of 7.51%. The company’s market capitalization surged to ₹5.62 lakh crore, reflecting a significant gain of ₹1.82 lakh crore from November until now.

Note: Market trends are subject to change.

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