LIC share price Latest News:

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Stock Market data shows that half of the 22 PSU IPOs since 2010 are trading below their issue price.

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After 2010, the central government had raised a total of Rs 77,000 crore through IPOs of these 22 companies.

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Only seven PSU stocks listed after 2010 are currently trading at more than double their issue price.

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The IPOs of Ircon International Limited and General Insurance Corporation of India are trading well below their issue prices.

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LIC was the much-awaited IPO for the market this year, despite the global turmoil, the government managed to raise Rs 20,560 crore from the LIC IPO.

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LIC IPO price at the time of listing was over Rs 949 per share, and post listing, the stock saw a huge drop.

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On Thursday, the stock closed down Rs 4.70 at 805.85 on the BSE. It has now lost more than 15 per cent from its IPO price of Rs 949.

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Brokerage firm Emkay Global has given a 'Hold' rating to the LIC share and has set a target price of Rs 875.

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Share market experts believe that LIC's stock will not be able to go above its IPO price for some time to come.

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