LIC Shares Hits To A New Highs, Market Cap Crosses ₹6 Lakh Crore. Should You Invest In LIC Shares?
LIC Shares Hits To A New Highs, Market Cap Crosses ₹6 Lakh Crore. Should You Invest In LIC Shares?
Shailendra Bhatnagar
- Updated Feb 5, 2024 2:12 PM IST
India’s largest life insurer, LIC, has achieved a significant milestone in today's trading session by surpassing the ₹1,000 mark for the first time, reaching a new peak of ₹1,028 apiece and gaining 8.8%. LIC is now the most valuable #PSU, overtaking #SBIN. LIC's market capitalization is close to ₹6 lakh crore, reflecting market appreciation for undervaluation, underownership, and a record growth in LIC's portfolio of listed stocks. Are LIC shares a good investment at this point?
