LIC jumps on increasing stake in Hindalco Industries
Life Insurance Corporation of India is currently trading at Rs. 1002.45, up by 19.15 points or 1.95% from its previous closing of Rs. 983.30 on the BSE.
The scrip opened at Rs. 988.00 and has touched a high and low of Rs. 1004.05 and Rs. 982.35 respectively. So far 64375 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1221.50 on 01-Aug-2024 and a 52 week low of Rs. 746.15 on 21-Dec-2023.
Last one week high and low of the scrip stood at Rs. 1007.70 and Rs. 966.45 respectively. The current market cap of the company is Rs. 626396.15 crore.
The promoters holding in the company stood at 96.50%, while Institutions and Non-Institutions held 1.31% and 2.18% respectively.
Life Insurance Corporation of India (LIC) has increased its shareholding in equity shares of Hindalco Industries. The corporation has increased its shareholding from 11,22,88,358 to 11,25,35,358 i.e., 4.99% to 5.00% 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.
