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What “LIC 2.0,” Share Performance Bad To Worse: 5 Points


LIC shares hit all-time low, m-cap crashes over Rs 94,000 crore

Life Insurance Corporation of India’s (LIC) much-touted public supply, itemizing and the corporate’s shares efficiency since its tepid debut has turned from unhealthy to worse.

Here Is Your 5-Point Guide To The Story:

  1. On the BSE, LIC’s inventory closed at its lowest ever of Rs 800.25 per share on Friday, after dipping to its all-time intra-day low of Rs 800. 

  2. While the inventory hit a life-high of 920.00 a number of days after itemizing on inventory exchanges, it’s down over 15 per cent from its subject worth of Rs 949 per share.

  3. After Friday’s shut, LIC’s market capitalisation (m-cap) stood at about Rs 5,06,158, marking a valuation lack of contact over Rs 94,000 crore from the difficulty worth and Rs 51,517 crore loss from the discounted itemizing worth.

  4. At the difficulty worth of Rs 949, the m-cap of LIC stood at Rs 6,00,242 crore; based mostly on the itemizing worth on the BSE, the valuation of LIC dipped to Rs 5,57,675 crore, leading to a lack of round Rs 42,500 crore.

  5. While that fall within the insurance coverage behemoth’s share costs tracks the broader efficiency of world equities, the inventory’s efficiency has not lived as much as the terming of this section of the corporate as “LIC 2.0.”



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