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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
Shailendra Bhatnagar
  • New Delhi ,
  • Feb 5, 2024,
  • 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?

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