Shares of Life Insurance Corporation of India (LIC) hit a 52-week high of ₹799 on the Bombay Stock Exchange. Currently, the LIC shares are rallying by five per cent of ₹786.85. The shares had opened at ₹745.70 in the morning.
At the National Stock Exchange, the shares were trading at ₹783.50.
The shares of LIC had hit a 52-week low of ₹530.05 in March this year. Since then, the shares have witnessed an upward trend.
On November 24, the shares had jumped by nearly 10 per cent. The stock had The stock jumped 9.69 per cent to settle at ₹677.65 on the BSE. During the day, it zoomed 10.35 per cent to ₹681.80. At the NSE, it climbed 9.71 per cent to settle at ₹677.70.
The LIC had opened its IPO last year for subscriptions on May 4 at a price band of ₹902 to 949 a piece. The shares were listed on the stock market at ₹867 per share levels on the BSE and ₹872 per equity share on the NSE.
The LIC had opened its IPO last year for subscriptions on May 4 at a price band of ₹902 to 949 a piece (REUTERS)
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