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HomeBusinessLIC's Flop Show Continues, Shares Hit New Low, Valuation Dives: 5 Points

LIC’s Flop Show Continues, Shares Hit New Low, Valuation Dives: 5 Points


Considering in the present day’s closing determine, LIC has plunged 18.08 per cent from its situation value of Rs 949.

New Delhi:
Shares of Life Insurance Corporation of India (LIC), the nation’s largest insurer and largest home monetary investor, plunged 2.86 per cent to settle at report closing low of Rs 777.40. The inventory touched an all-time intraday low of Rs 775.40 on the BSE index. On NSE, LIC cracked 2.97 per cent to shut at 776.50. Considering in the present day’s closing determine, LIC has plunged 18.08 per cent from its situation value of Rs 949.

Here’s Your 5-Point Cheat-Sheet To This Big Story:

  1. The stoop has dragged LIC’s market capitalisation beneath Rs 5 lakh crore for the primary time. The market capitalisation of LIC fell to Rs 4.91 lakh crore on Monday. At the problem value of Rs 949, LIC’s market valuation stood a little bit over Rs 6 lakh crore.

  2. LIC shares acquired listed on the inventory exchanges on May 17. Since its itemizing, the scrip has closed within the inexperienced for simply 4 buying and selling periods.

  3. Last week, the state-run insurer posted a 17 per cent decline (yearly) in consolidated internet revenue at Rs 2,410 crore for the March 2022 quarter.

  4. However, LIC’s internet premium revenue stood 17.9 per cent greater at Rs 1.4 lakh crore from Rs 1.2 lakh crore within the corresponding quarter yr in the past.

  5. Policyholders have been supplied a reduction of Rs 60 per fairness share, whereas retail traders and workers acquired a reduction of Rs 45 on every share. LIC policyholders have been allotted shares at Rs 889 per share, whereas retail traders acquired the allotment at Rs 905 per share.



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