Life Insurance Corporation of India’s market cap gains Rs 5,372 crore as stock surges 1%

Life Insurance Corporation of India (LIC) saw a positive trading session on November 12, 2024, with its share price increasing by 0.99% to Rs 927.55. This uptick contributed to a significant gain in the company’s market capitalization, bringing it to Rs 5,86,675.16 crore.

Key Trade Details:

  • Opening Price: Rs 930.50
  • Day’s High: Rs 958.00
  • Day’s Low: Rs 925.75
  • Last Traded Price: Rs 927.55 (up by Rs 9.10 or 0.99%)
  • Total Market Cap: Rs 5,86,675.16 crore
  • Free Float Market Cap: Rs 20,559.09 crore
  • Traded Volume: 18.44 lakh shares
  • Traded Value: Rs 173.78 crore

Additional Price Information:

  • 52-Week High: Rs 1,222.00 (August 1, 2024)
  • 52-Week Low: Rs 598.25 (November 13, 2023)
  • Daily Volatility: 2.12%
  • Annualized Volatility: 40.50%

This increase in LIC’s market cap highlights investor optimism and demand in the life insurance sector, as the company continues to strengthen its position in the Nifty Next 50 index.

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