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The Times of India
The Times of India
Business
ANI

LIC shares hit new record low of Rs 723.70; one-fourth of market-cap wiped out

LIC Life Insurance Corporation of India Life Insurance Corporation Insurance India IPO Mumbai

MUMBAI: Share price of Life Insurance Corporation of India (LIC) slumped to a new record low of Rs 723.70 on Thursday, which is nearly 25 per cent down from its IPO issue price of Rs 949.

At the BSE, Life Insurance Corporation of India share was trading 1.56 per cent down at Rs 726.50 at 12.42 pm against its previous day's close at Rs 738. The scrip hit a record low of Rs 723.70 in the intra-day.

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