LIC Share Price: LIC's shares are falling for nine consecutive days, the price has slipped 25 percent to reach here

Posted on 10th Jun 2022 03:36 pm by rohit kumar

The shares of the country's largest insurance company LIC are falling continuously and this process is going on for nine days. On Friday, its price fell 25 percent from the issue price on the BSE to Rs 709.20. It is worth noting that the price band of the company's shares was fixed at Rs 902-949.

 

Experts say that despite being a fundamentally sound company and having a good listing price, the high inflationary environment coupled with the slowdown prospects has put insurance giant LIC in the lurch. Experts are expressing the possibility of its decline till near 680. It is worth noting that even before the IPO of LIC, it was expected that the condition of the country's largest IPO could be similar to that of Paytm, and according to which its shares are declining since the listing, It seems that LIC is also following the path of Paytm.

 

It is worth noting that LIC had raised 21 thousand crores from the market through IPO. It was open for subscription from May 4 to May 9 and was listed on the stock exchange on May 17. The IPO was subscribed 2.94 times. Its shares were priced at Rs 902-949 per share. Let us tell you that the shares of LIC were listed at a discount, according to the estimates, and disappointed the investors badly. The shares were listed at a discount of Rs 81.80, or 8.62 percent, at Rs 867.20 on the BSE, while it was down on the NSE at Rs 872.

 

Also Read: ICICI Bank: After RBI, ICICI Bank gave a setback, increased interest rates by 0.50 percent

Other news

India China Relation: External Affairs Minister S Jaishankar bluntly, accommodates each other in the interest of both India and China

External Affairs Minister S Jaishankar on Wednesday said it is in the mutual interest of both Ind

Pakistan: Petition rejected in Imran Khan's contempt case, sealed on the decision of the sessions court

The Lahore High Court in Pakistan has dismissed former Prime Minister Imran Khan's challenge peti

Indians Praised in US: One percent Indians pay 6% of the total tax collection of America, MP praised

American MP Rick McCormick has praised the people of the Indian community settled in America. He

Conspiracy to break India in Canada: 10,000 people voted for Khalistan; What is 93 years old the Khalistani movement?

This video is from 18 September 2022, when more than 10 thousand Khalistan supporters gathered in

India-Pakistan Ceasefire: 32 airports closed amid India-Pakistan tension reopened; operations resume

32 airports of the country which were closed due to the recent military tension between India and

'This very anarchy overthrew my government...', what else did Sheikh Hasina say about the violence happening in Bangladesh?

Former Prime Minister Sheikh Hasina has questioned the Bangladeshi government over the murder of

Corona increased in China after the lockdown was lifted: doctors also infected, the government said – Omicron is not a threat, so it was relaxed

After protests against the zero-covid policy in China, the government relaxed and removed the loc

Delhi Pollution: Gopal Rai's appeal to work from home, said - refrain from traveling in private vehicles

The level of pollution in the country's capital Delhi is continuously increasing. Delhi Environme

The President of Poland also said that Ukraine had fired the missile, citing Article 4 for the NATO meeting.

The concern of many countries has now increased regarding the alleged Ukrainian missile that fell

Today is the last day of PM Modi's Bhutan visit; he will attend the Kalachakra ceremony before returning.

Today is the last day of Prime Minister Narendra Modi's visit to Bhutan. Before returning from Bh