MUMBAI: Shares of LIC hit a 52-week excessive within the NSE on Thursday earlier than retreating to shut at Rs 785. Analysts attributed the rise to the rally within the worth of Adani group firms’ shares, through which the company has a considerable shareholding.
Shares of LIC have been rallying for the final fortnight, gaining practically 30% from Rs 608 on November 22.LIC holds stakes in sevenAdani Group firms, together with 9% in Adani Ports & Special Economic Zone and 4.2% in Adani Enterprises, which has gained 16% from its lows.
The Adani Group firms have witnessed a big rally within the final 4 months.
Shares of LIC have been rallying for the final fortnight, gaining practically 30% from Rs 608 on November 22.LIC holds stakes in sevenAdani Group firms, together with 9% in Adani Ports & Special Economic Zone and 4.2% in Adani Enterprises, which has gained 16% from its lows.
The Adani Group firms have witnessed a big rally within the final 4 months.
