LIC gains on launching new product `LIC`s Jeevan Utsav`
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Life Insurance Corporation of India is currently trading at Rs. 683.85, up by 10.20 points or 1.51% from its previous closing of Rs. 673.65 on the BSE.
The scrip opened at Rs. 676.05 and has touched a high and low of Rs. 691.80 and Rs. 672.45 respectively. So far 72605 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 754.40 on 20-Dec-2022 and a 52 week low of Rs. 530.20 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 694.00 and Rs. 608.00 respectively. The current market cap of the company is Rs. 427095.47 crore.
The promoters holding in the company stood at 96.50%, while Institutions and Non-Institutions held 0.94% and 2.56% respectively.
Life Insurance Corporation of India (LIC) has launched its new product ‘LIC’s Jeevan Utsav’. The new product will cater to domestic market. LIC has launched its new product on November 29, 2023.
Earlier, the company had decreased stake in ‘Dr Reddys Laboratories’. The Corporation’s shareholding in ‘Dr Reddys Laboratories’ has decreased from 1,27,20,873 to 93,28,967 Equity Shares, decreasing its shareholding from 7.627% to 5.593% of the paid-up capital of the said company.
Life Insurance Corporation of India, popularly known as LIC is Indian state-owned insurance group and Investment Company.
