The shares of Life Insurance Corporation of India saw an 8% rise on February 8, crossing Rs 1,100 per share mark, ahead of the announcement of the company's quarterly results. LIC's board will meet today to review their December quarter earnings and interim dividend. With this surge, LIC's market capitalisation has surpassed Rs 7 lakh crore, making it the most valuable state-run company in India, with State Bank of India closely trailing behind.
LIC Shares Surge 8%, Crossing Rs 1,100 Mark
On February 8, 2023, shares of Life Insurance Corporation of India (LIC) witnessed a significant 8% surge, surpassing the Rs 1,100 per share mark. This rise came ahead of the announcement of the company's quarterly results. LIC's board is scheduled to meet on the same day to review their December quarter earnings and interim dividend.
With this surge, LIC's market capitalization has surpassed Rs 7 lakh crore, making it the most valuable state-run company in India. State Bank of India closely follows LIC in terms of market value.
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