From Hyundai to LIC to Paytm: All big IPOs failed on market debut; here’s why
Historical data suggest that all big IPOs such as LIC, Paytm, GIC Re, SBI Cards, Reliance Power, and The New India Assurance registered losses on listing day.
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LIC shares jump 6% on getting extension to meet MPS norms
SEBI has granted LIC an additional three years till May 2027 to comply with the 10% minimum public shareholding (MPS) requirement.
SBI shares surge 12% in 3 days; m-cap tops ₹6 lakh cr; here’s why
State Bank of India shares gained as much as 6.4% to hit a record high of ₹718.80 intraday today, while the m-cap surged to ₹6.36 lakh crore.
Friday frenzy! PSU insurers LIC, GIC, New India Assurance rally up to 20%
Shares of GIC of India and New India Assurance touched their respective 52-week highs, while LIC shares notched the largest intraday gain since listing
LIC shares snap 3-session losing streak; here’s why
ICICI Securities has maintained a ‘BUY’ call on LIC stock with a target price of ₹917, an upside potential of 51% from the current market price.
LIC shares rise 4% as Q4 profit jumps over five-fold
The country’s largest life insurer posted 447% growth in consolidated net profit at ₹13,191 crore as compared to ₹2,409 crore in the same quarter of last year.
LIC notches big gain on Adani investment as stocks rally
The market value of LIC investment in Adani Group stocks increased by more than ₹9,600 crore in less than two months, from ₹38,846 crore on March 31 to ₹45,481 crore as on May 23.
Why IDBI Bank shares are trading higher today
SEBI has given nod to reclassification of the government’s shareholding in IDBI Bank as ‘public’ post its stake sale in the lender.
LIC share rises 4% as Kotak initiates coverage; sees up to 40% upside
Kotak Institutional Equities initiates coverage on LIC, with a ‘buy’ rating and target price of ₹1,000 apiece, a potential upside of 40% from the current market price.
Govt extends last date for IDBI Bank stake sale; stock rises 6%
The DIPAM on Wednesday extended the deadline to submit bids for the privatisation of IDBI Bank to January 7, 2023, from December 16, 2022.
