LIC witnessed a notable surge in its shares, climbing by over 6% and reaching a market valuation of Rs 6.99 lakh crore. This rise in valuation has propelled LIC to become the fifth most valued company in India.
With this milestone, LIC joins the ranks of prestigious firms in India such as Reliance Industries, Tata Consultancy Services, HDFC Bank, and Infosys. This achievement marks the first time LIC’s market capitalization has crossed the Rs 7-lakh-crore threshold, firmly establishing its position among India’s top companies. Notably, LIC’s market cap now surpasses that of ICICI Bank, which stands at Rs 6.94 lakh crore.
While LIC’s market capitalization currently falls just short of exceeding Infosys at Rs 7.03 lakh crore, this latest milestone underscores LIC’s significant presence in the market and reflects investor confidence in its financial standing.
