LIC share price falls as the insurance company stares at losses in Adani stocks
The share price of Life Insurance Corporation (LIC) falls on Friday after the data showed that the insurance giant’s investments made in the Adani group companies have turned negative. LIC’s investment value in the listed group stocks stood at nearly ₹27,000 crore, as of closing on February 23.
The stock opened the day at ₹590.90 compared to ₹590.95 the previous day, but as the news about the company losing in Adani investments went around, it started to fall. It has touched a high of ₹593.95 and a low of ₹585.50 so far today.
At 10.44 am, LIC share price was at ₹585.80, down ₹5.15, or 0.87%.
Know your inner investor
Do you have the nerves of steel or do you get insomniac over your investments? Let’s define your investment approach.
Take the test
Download Finplay News App to get Daily Market Updates.
More
Less
Ganesh
http://ganesh@finplay.inFinance enthusiast, Mutual fund expert.