LIC Share Price 8 February 2024: ๐๐ LIC shares reach significant milestone, cross โน1000 mark for the first time ๐
LIC, the government-owned company, witnessed a surge in its share price in the past few months. The company’s shares reached a crucial milestone by crossing the โน1000 mark during Tuesday’s trading session. ๐๐ฐ
According to experts, the company’s shares may experience a further 13% increase in value. This increase comes after the shares first crossed the โน1000 mark during Monday’s trading session. On Wednesday, LIC stocks were trading at โน1,026.65, experiencing a 0.078% increase. ๐๐น
On Thursday, the shares saw a significant rise of 6.19%, trading at โน1,109. LIC shares have provided investors with a remarkable 67% return since November 2023. Analysts expect the shares to continue their upward trend, potentially reaching a 13% increase. ๐๐ธ
From a technical chart perspective, LIC stock indicates a rally ahead. The company is predominantly owned by the Indian government, with a 96.50% stake. LIC has a total market capitalization of โน6,47,331 crore, making it the largest publicly traded company in the country. ๐ข๐ฎ๐ณ
LIC shares had a 52-week low of โน530.20. The company launched its initial public offering (IPO) in May 2022. The IPO price band was set at โน902-โน949 per share, with a special discount of โน45 per share for retail investors and employees. The IPO of the public sector company was valued at โน21,000 crore, making it the largest in the history of the Indian stock market. At present, LIC shares are being traded on both BSE and NSE indices. ๐ผ๐น
Stay updated with the latest LIC share prices and trends to make informed investment decisions. ๐ฐ๐ก
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