LIC's Flop Show Continues, Shares Hit New Low, Valuation Dives: 5 Points - NDTV Profit

Shares of Life Insurance Corporation of India (LIC), the country's biggest insurer and largest domestic financial investor, plunged 2.86 per cent to settle at record closing low of Rs 777.40. The stock touched an all-time intraday low of Rs 775.40 on the BSE …

The slump has dragged LIC's market capitalisation below Rs 5 lakh crore for the first time. The market capitalisation of LIC fell to Rs 4.91 lakh crore on Monday. At the issue price of Rs 949, LI… [+800 chars]

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