LIC Earnings this week: India’s largest insurance company Life Insurance Corporation of India (LIC) saw a huge jump in its market cap. Last week LIC shares reached an all-time high. Let us know the complete details.
LIC Earnings this week:
There was a big jump in the shares of Life Insurance Corporation of India (LIC) this week, due to which a tremendous increase was recorded in the market valuation of LIC. LIC recorded the highest increase in its market capitalization this week, leaving behind Mukesh Ambani’s Reliance Industries and Tata’s Tata Consultancy Services (TCS). Let us tell you that LIC has left SBI behind in terms of increase in market capitalization this week.
Life Insurance Corporation of India Earnings Details:
The stock market continued to decline this week. Despite this, the market cap of four of the top 10 valuable companies increased by a total of Rs 2.18 lakh crore. In which LIC remained on top. After that, there were SBI, Reliance Industries, and Tata Consultancy Services (TCS). Let us see how much the market cap of top valuable companies increased this week.
- Increase in market valuation of LIC: Rs 86,146.47 crore
- Increase in market valuation of SBI: Rs 65,908.26 crore
- Increase in market valuation of TCS: Rs 61,435 crore
- Increase in market valuation of LIC: Rs 5,108.09 crore
LIC Stock Market Latest News Update:
Last week, LIC shares reached the Rs 1,000 level for the first time on Monday with a gain of almost 6%. During this period, the market valuation of LIC increased by Rs 86,146.47 crore to Rs 6,83,637.38 crore, which was the highest among the top 10 valuable companies of Sensex.