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.
Veer guardian 2023: For the first time, India's women's power will roar outside the country, and women pilots will participate in the exercise
For the first time, women fighter pilots of the Indian Air Force will participate in an exercise outside the country. She will be part of the Indian contingent in the exercise to be held in Japan.
Fear of terrorist attack in Pakistan: America told its citizens – to vacate Hotel Marriott soon
The US Embassy in Pakistan has issued a security alert for its citizens. After the suicide attack in Islamabad two days ago, the US has warned that some people are preparing for another terrorist
Bundles of notes found in Sri Lanka's presidential residence: Video of people counting notes surfaced; The protesters handed over the entire money to the army
Agitators yesterday stormed the official residence of President Gotabaya Rajapaksa, amid political and economic turmoil in Sri Lanka for the past three months. After this, when the protesters searched
America will hold trilateral meeting with Japan and South Korea, will talk on the defense of Indo-Pacific region
The White House, the residence and office of the US President, announced on Tuesday that US National Security Adviser Jake Sullivan with his counterparts from Japan and South Korea in Hawaii on
Pakistan Floods: The situation in Pakistan was uncontrollable due to the severe floods, PM Shahbaz said - 'Today we are there, tomorrow there may be someone else'
Pakistan is facing the worst flood ever. The lives of lakhs have been badly affected due to this flood. At the same time, more than a thousand people have lost their lives. Meanwhile, the statement of
Chaos at singer Babbu Maan's show, people threw chairs and bottles; police resorted to lathi-charge
During Babbu Maan's live show which was going on after the Kabaddi Cup held in Baddowal area on Sunday, the drunkards started throwing water bottles and chairs on the police. The DSP himself reached
FIFA World Cup 2022: Beer will not be available near the stadium during World Cup, Qatar changes liquor policy
FIFA World Cup 2022 Qatar: FIFA World Cup 2022 is starting in Qatar on Sunday, but now Qatar has made a big change in its liquor policy. The sale of beer has been banned in eight football stadiums in
Democracy strengthened in Kashmir in the last 3 years, local leaders told the European MPs the ground situation
The strong steps taken by the Modi government in Jammu and Kashmir have started showing their effect. From stone pelting to terrorism, there has been a decrease in the last few years. Kashmiri
Udaan: India's goal to send satellites in space at a low cost, now it costs Rs 12 lakh per kg
The Indian Space Research Organization (ISRO) aims to design and manufacture re-usable rockets. Its advantage will be in sending equipment and satellites in space at a very low cost.
The movement of people on New Year increased the concern of China, the danger of collapse of health facilities in rural areas
The movement of a large number of people during the Lunar New Year has increased concern in China. China has started strengthening health facilities in rural areas because of the return of migrant
