LIC Share Crashes At Its All Time Low Since Debut At Stock Exchanges Stock Closes At 544 Rupees Per Share

LIC Share Price: LIC’s stock has been in a bad condition ever since the Hindenburg Research Report’s report against Adani Group’s stocks and now the stock of the country’s largest company has come down to its all-time low since its listing on the stock exchange. On Monday, March 27, 2023, the stock closed at Rs 544.10, down 2.84 per cent. This is the lowest closing price level of LIC since listing.

LIC’s stock opened at Rs 560 on Monday morning and fell to its historic low of Rs 539.10 with a fall of nearly 4 per cent. Ever since the matter of LIC’s exposure in Adani Group’s shares has come to the fore, since then the weakness in LIC’s shares has continued. LIC’s stock has now fallen by about 43 per cent from its IPO price. Investors investing in LIC’s IPO are facing huge losses. LIC raised money in the IPO at a price of Rs 949 per share. That is, investors are facing a loss of Rs 405 per share.

Suppose an investor has bought 100 shares of LIC at a price of Rs.949, for which he had to pay Rs.94900. But after this fall his investment has come down to Rs.54400. That means the investors are facing a loss of Rs.40,500. Hindenburg’s report was released on 24 January 2023, on that day LIC’s share was trading at Rs.702. But from that level the stock has now come down by around 22.50 per cent.

LIC had bought stocks worth Rs 30,127 crore from different Adani group companies. According to BSE data, LIC holds 4.23 per cent stake in Adani Enterprises, 3.65 per cent in Adani Transmission, 5.96 per cent in Adani Total Gas and 1.28 per cent in Adani Green Energy. LIC also has exposure in cement companies of Adani group. SIC holds 6.33 per cent stake in Ambuja Cement and 6.41 per cent in ACC. LIC holds 9.14 per cent stake in Adani Ports.

read this also

EPFO Investment In Adani Stocks: Retirement fund money of 6 crore employees in Adani Group stocks! EPFO invested through ETF

Simone Ashley and Jonathan Bailey Want to Return

Simone Ashley and Jonathan Bailey aren’t ready to bid Bridgerton adieu just yet! During a press meeting at the Monte-Carlo ...

Who Is John Cleese’s Wife? All About Jennifer Wade

John Cleese and his wife, Jennifer Wade, married over a decade ago, and their love has been strong ever since ...

‘Little House on the Prairie’ Cast Felt ‘Very Protected’ on Set as Child Actors

The cast of Little House on the Prairie is looking back on their time together as child actors. Ahead of ...

Hunter Fieri and Fiancée Tara Bernstein Mark 1 Year Until Their Wedding

Hunter Fieri and his fiancée Tara Bernstein are counting down the days until their wedding! The couple, who got engaged ...

Jennifer Lopez feels she can do ‘no more’ to save Ben Affleck marriage: report

Jennifer Lopez is ready to throw in the towel. The “On the Floor” singer, 54, reportedly feels she’s done all ...

Donald Trump’s Fixation with Former The Apprentice Contestant (Exclusive)

Donald Trump's treatment of women has been widely reported on over the years, and among those included his apparent fixation ...

Who Is Patton Oswalt’s Wife? All About Meredith Salenger

Patton Oswalt may be known for his comedy, but when it comes to his wife, Meredith Salenger, he shows some ...

IND vs CAN India Canada match washed out due to rain Match cancelled without toss Match cancelled due to wet outfield

India vs Canada match abandoned without a ball being bowled: Another match of the 2024 T20 World Cup has been ...

Nia Long on ‘Huge Responsibility’ of Playing Katherine Jackson (Exclusive)

Nia Long is sharing some insight on her experience portraying Katherine Jackson — a woman whom she says "carried the ...

Former NBA Star Darius Morris’ Cause of Death Revealed

Darius Morris' cause of death has been revealed. The former Los Angeles Lakers point guard was found dead on May ...

Leave a Comment