Life Insurance Corporation of India (LIC), which has brought the country's biggest IPO, has been second in terms of loss in shares listed in Asia this year. Its stock lost 29 percent, while South Korea's LG Energy lost 30 percent.
LIC's IPO came at Rs 949 and the stock was listed on May 17, which closed at Rs 668 on Monday. Its market capitalization at the issue price was more than Rs 6 lakh crore, but now it has come down to Rs 4.22 lakh crore. That is, there has been a decrease of Rs 1.78 lakh crore. Its shares have been beating continuously for the last 10 days. In comparison, the BSE has lost only 9 percent since January.
LIC's market value is 4.22 lakh crores
Paytm, Zomato, and Nykaa sink 2.36 lakh crores
Paytm loses Rs 1.02 lakh crore
The stock of Paytm has also given a huge loss to the investors. Its IPO came in November at Rs 2,150 and had a market capitalization of Rs 1.39 lakh crore. On Monday, the stock closed at Rs 583, which is down about 72 percent. The market cap is Rs 37,828 crore. The stock had lost 27 percent on the listing itself.
Zomato shares fell 60 percent
In November, Zomato was trading at Rs 169. Its share has now reached below the issue price at Rs 67. That is, a loss of 60 percent is given to the investors. The market capitalization has come down from Rs 1.39 lakh crore to Rs 53,068 crore.
40 percent loss in Nykaa
The stock of Nykaa, which was at Rs 2,574 in November, has now fallen 40 percent to Rs 1,458. The market capitalization at that time was Rs 1.19 lakh crore, which has now come down to Rs 69,153 crore. That is, there has been a decrease of about 49 thousand crores.
Big 16-month drop in the crypto market
The cryptocurrency market fell by one trillion dollars on Monday. This is the biggest drop in 16 months since January 2021. The valuation of the crypto market declined to $926 billion, which increased to a high of $29 trillion in November 2021.
Bitcoin is down 10 percent to $23,750, its 18-month low.
IND vs WI 1st T20: Captain Hardik told the reason for the defeat, blamed him, said- If wicket falls in T20...
The Indian cricket team started the five-match T20 series against the West Indies with a defeat. West Indies defeated India by four runs in the first T20 on Thursday. The performance of the Indian
Weather Update: Severe cold knocked on the mountains! Heavy rain may occur in many states; Know the weather condition
The outbreak of cold is increasing in North India, while the threat of cyclonic storms and heavy rain is looming in South India. IMD says that due to this storm, there may be heavy rains in many
Udaipur Files: Udaipur Files will not be released today, the High Court imposed a ban; Sibal stated the community
Udaipur Files, a film based on the murder of tailor Kanhaiya Lal in Udaipur, will not be released on Friday. The Delhi High Court said that the release of the film will continue to be banned till the
CT 2025: ICC can put these two proposals in front of the board members in the meeting, one there is a possibility of a final in Pakistan
The ICC and all its member countries will hold a virtual meeting on Friday to discuss the dates and venue of the Champions Trophy 2025. The tournament is proposed from February 19 and now less than
IND vs AFG: Captain Rohit Sharma got a special achievement by registering a win against Afghanistan, equaling MS Dhoni's big record.
Rohit Sharma equals MS Dhoni's record for most wins in T20I as Indian Captain: Indian captain Rohit Sharma has played the best innings of his career in Ind vs Afg against Afghanistan on 17 January in
First day of Amarnath Yatra: Police personnel deployed at every 5 steps, arrangements like luxury hotels in langars distributing free food
The Amarnath Yatra started from Baltal and Pahalgam on Thursday morning with Vedic chants and Har Har Mahadev cheers. There are 4,890 devotees in the first batch. All of them had left for here from
Rahul Gandhi's Birthday: When Rahul Gandhi had to face two biggest tragedies in his life
Happy Birthday Rahul Gandhi: Today is the birthday of Rahul Gandhi, son of late Prime Minister Rajiv Gandhi and former Congress President Sonia Gandhi, grandson of India's first woman Prime Minister
Salman Khan: Salman Khan's security increased, and bulletproof glass installed on Galaxy's balcony, know the full update
Salman Khan's security has been given top priority amid threats from the Lawrence Bishnoi gang in the last few months. In these pictures, you can see how employees are seen protecting the windows of
New Zealand Earthquake: Earth trembled in New Zealand after Turkey and Syria, magnitude of 6.1 on the Richter scale
New Zealand Earthquake: After Turkey and Syria, strong tremors of the earthquake have been felt in New Zealand. The intensity on the earthquake Richter scale has been measured at 6.0. According to the
'Iran cannot have nuclear weapons', G7 supports Israel; Iran held responsible for the attacks
The G-7, a group of the world's seven most powerful countries, has expressed its support for Israel in its conflict with Iran. The G-7 countries clearly stated in their statement that they stand with
