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LIC share hits ₹1,000 level on improvement in business prospects
The Morning Standard
|February 06, 2024
IMPROVING business prospect, shift towards digitisation, an ongoing bull-run in public sector undertaking (PSU) stocks and other favourable factors has pushed the shares of Life Insurance Corporation of India (LIC) to over 1,000 mark for the first time on Monday.
The stock hit an all-time high of 1,027.95 during Monday's intraday session. The scrip close higher by 5.33% at Rs 995 on Monday.
This is a remarkable en LIC shares took a big beating since its listing in May 2022 and fell to a low of 530.20 on March 29, 2023. A rally of over 90% from this point has also made the insurance giant as the most valuable PSU company in India.
Esta historia es de la edición February 06, 2024 de The Morning Standard.
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