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LIC Market Cab Rs. Fifth Most Valuable Company with Market Capital. See full details of 5.54 lakh crores in the country here

LIC Market Capital News: Investors were disappointed on the day of the LIC IPO listing, but there was good news for the company. Life Insurance Corporation of India (LIC) With a market capitalization of Rs 5.54 lakh crore, it has become the 5th most valuable company in the country. Shares of LIC were listed on the stock market with a slight decline on Tuesday.

20,557 from IPOK Inflated Rs.

The company has raised Rs 20,557 crore from its initial public offering (IPO). However, its shares fell more than eight per cent to Rs 949 per share. At BSE, LIC’s stake is worth Rs. 73.55 or 7.75% and closed at Rs.875.45. Based on this, the company (LIC) is worth about Rs 5.54 lakh crore.

More Market Capital

According to information available on the Bombay Stock Exchange (BSE), the LIC market cap for Hindustan Unilever (HUL) is Rs. 5.27 lakh crore and ICICI Bank Rs. 4.94 lakh crore to SBI and Rs. 4.17 crore and HDFC Rs. 4.17 lakhs. (HDFC) Rs. More than 3.97 crores.

With a market valuation of Rs 17.12 lakh crore, RIL is the most valuable company in the country. Currently, Tata Consultancy (TCS) is second only to LIC, HDFC Bank (HDFC) is third and Infosys is fourth.

This makes for strong business

Life insurance company LIC sold 2 crore 17 lakh policies in India during the financial year 2022. That means LIC sold 41 policies every minute. In LIC’s 2023 financial year, the premium for the first year increased by 8% to nearly Rs 2 lakh crore or Rs 1.98 lakh crore.

Despite 23 private companies, LIC (Life Insurance Corporation) has a market share of 64% of the new business premium, while the new business premium market share has been declining over the past two years.

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2022-05-19 08:15:31

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