LIC experienced a remarkable surge in its shares, rising over 6%, and reaching a market valuation of Rs 6.99 lakh crore. This elevation in valuation has positioned LIC as the fifth most valued company in India.
This elevation in valuation has positioned LIC as the fifth most valued company in India. Noteworthy inclusions in the country’s elite list of valued firms are Reliance Industries, Tata Consultancy Services, HDFC Bank, Infosys, and now LIC.
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As of now, LIC’s market capitalization has surpassed the Rs 7-lakh-crore mark for the first time, firmly establishing itself as the fifth most valued company in India. This valuation overtakes that of ICICI Bank, standing at Rs6.94 lakh crore.
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While LIC’s market cap is currently just shy of exceeding Infosys at Rs 7.03 lakh crore, this latest milestone reinforces LIC’s strong market presence and investor confidence in the financial landscape.
