LIC Shares Rally On Adani Group Portfolio


LIC touched a 52 week high of Rs. 799.90 (BSE) and Rs. 800 (NSE) on Thursday and finally closed at Rs785.50 (BSE) and Rs785.15 (NSE


FinTech BizNews Service   

Mumbai, December 8, 2023: LIC holds stakes in seven group companies, including 9.07% in Adani Ports & Special Economic Zone Ltd and 4.23% in Adani Enterprises Ltd. In the past four months, the insurer's investments in these companies have all seen tremendous returns, with 59% re-rating in Adani Total Gas Ltd, 45% in Adani Energy Solutions Ltd, 44% in Adani Green Energy Ltd and 16% in Adani Enterprises Ltd.

LIC touched a 52 week high of Rs. 799.90 (BSE) and Rs. 800 (NSE) on Thursday and finally closed at Rs785.50 (BSE) and Rs785.15 (NSE). Total volume traded stood at 161.61 lakhs.

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