LIC’s market cap crosses Rs 7 lakh crore, becomes fifth most valued!
Fri, Feb 9, 2024 10:05 AM

LIC’s market cap crosses Rs 7 lakh crore, becomes fifth most valued!

A Flip by Avya Verma
Get it on Google Play
India's top insurance company, LIC, saw a 6% increase in shares, reaching a market valuation of Rs 6.99 lakh crore and placing it fifth among the country's most valued companies alongside Reliance Industries, TCS, HDFC Bank, and Infosys. This milestone marks the first time LIC has surpassed Rs 7 lakh crore, solidifying their position as a major player in the financial sector.

More great flips

Gold prices fall -1.44% from the previous day on Nov 26

Gold prices fall -1.44% from the previous day on Nov 26

Gold traded at Rs 75383.00 on November 26, 2024, -1.44 percent lower compared with the previous day, according to data released by MCX. The yellow metal has been trading at 19.46 percent, higher compared to the start of the year, in the spot market. It was trading 22.34 percent higher from the previous year as well, as per Moneycontrol analysis.

Open Flip
Buy LTIMindtree; target of Rs 7400: Motilal Oswal

Buy LTIMindtree; target of Rs 7400: Motilal Oswal

Motilal Oswal's research report on LTIMindtree. We attended LTIM’s Investor Day 2024, where the management spelt out its aspiration of achieving a revenue of USD10b and EBIT margin of 17-18% (the when and how of it were slightly vague, however). The management outlined its strategic vision and highlighted its capabilities in AI/GenAI.

Open Flip
Sagility India shares soar another 10% as post-earnings rally extends

Sagility India shares soar another 10% as post-earnings rally extends

Stock Market Today: Shares of Sagility India gained 10% for the second consecutive session on Wednesday, November 27, reaching a new all-time high of ₹34.69 per share. The recent sharp spike in the stock is due to the company’s strong financial results for the quarter ended September 2024, reported on Monday. The company posted a massive 236% year-on-year (YoY) increase in Q2FY25 profit.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon