Kolkata, July 26: Life Insurance Corporation of India (LIC) has touched a new life time high of Rs 1178.60 on BSE.
Prior to this, on 9th February, 2024, the stock had hit its life time high of Rs 1175 a share.
Adding to the remarkable performance, year to date, the stock has given 38.61 percent return much higher than the benchmark index, Sensex and Nifty which have given a return of 11.24 pc and 12.86 pc respectively, LIC said in a media release on Friday.
Surging to a new all-time high in today’s trade, the company’s market capitalization reached Rs 7.34 lakh crore, securing its position as the eighth-largest listed company in India and the second foremost among government-listed PSU companies after State Bank of India.
Taking the stock’s current market price of Rs1,171.40 apiece, the stock is trading 21.71 pc higher than its IPO price.
On a year to date basis, Private Life Insurers like HDFC Life Insurance Company Ltd rose 6.31 pc, ICICI Prudential Life Insurance Company Ltd rose 32.93 pc and SBI Life Insurance Company Ltd rose 18.66 pc. the statement claimed. (UNI)
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