Today, the shares of Life Insurance Corporation (LIC) rose by about 2.5 percent. Due to this, the market capitalization of the government insurance company reached Rs 7.34 lakh crore. Now LIC has become the eighth largest listed company in India. If we talk about total government companies, then it has come in second place after State Bank of India.
A record has been registered in the name of government insurance company Life Insurance Corporation of India (LIC). LIC shares made a new all-time high of Rs 1,178.60 on BSE on Monday (July 26). Earlier, LIC’s all-time high was Rs 1,175 per share, which it made on February 9.
List of the 10 largest companies in the country in terms of market cap.
| company | Sector | Market Cap |
| Reliance Industries | Oil production, telecom | Rs 20.39 lakh crore |
| Tata Consultancy Services | Information Technologies | Rs 15.98 lakh crore |
| HDFC Bank | Banking | Rs 12.30 lakh crore |
| Bharti Airtel | Telecommunications | Rs 8.98 lakh crore |
| ICICI Bank | Banking | Rs 8.47 lakh crore |
| Infosys | Information Technologies | Rs 7.81 lakh crore |
| State Bank Of India | Banking | Rs 7.68 lakh crore |
| LIC | Insurance | Rs 7.48 lakh crore |
| Hindustan Unilever | Consumer Goods | Rs 6.39 lakh crore |
| ITC | Consumer Goods
|
Rs 6.20 lakh crore |
8th largest company in the country
Today, LIC shares rose by about 2.5 percent. Due to this, the market capitalization of the government insurance company reached Rs 7.48 lakh crore. Now LIC has become the eighth largest listed company in India. If we talk about total government companies, then it has come in second place after State Bank of India.
If we talk about other insurance companies, at the beginning of this year, only ICICI Prudential Life Insurance Company Ltd is seen close to LIC, which has given a return of 32.93 percent. The stock of HDFC Life Insurance Company Ltd has increased by 6.31. The shares of SBI Life Insurance Company Ltd have increased by 18.66 percent.
LIC increased its stake in IDFC First Bank
The country’s largest insurance company LIC has also increased its stake in private sector IDFC First Bank. The government insurance company said in an exchange filing that it increased its stake in IDFC First Bank Limited by 0.20 percent on July 4. It has increased its stake in the bank by investing at a price of Rs 80.63 per share through a private placement offer (PPO).
LIC gave tremendous returns
LIC’s IPO came in May 2020. It was listed in the stock market at a price of Rs 826.15. LIC has given a total return of about 45 percent so far. LIC’s return so far this year is more than 38 percent. This figure is much higher than the benchmark indices Sensex and Nifty, which have given a return of 11.24 percent and 12.86 percent respectively during this period.
If we talk about other insurance companies, at the beginning of this year, only ICICI Prudential Life Insurance Company Ltd is seen close to LIC, which has given a return of 32.93 percent. The stock of HDFC Life Insurance Company Ltd has increased by 6.31. The shares of SBI Life Insurance Company Ltd have increased by 18.66 percent.
LIC increased its stake in IDFC First Bank
The country’s largest insurance company LIC has also increased its stake in private sector IDFC First Bank. The government insurance company said in an exchange filing that it increased its stake in IDFC First Bank Limited by 0.20 percent on July 4. It has increased its stake in the bank by investing at a price of Rs 80.63 per share through a private placement offer (PPO).
