New Delhi:

Bharti Life Insurance Corporation (LIC) is going through the biggest loss till date.

LIC's stock fell to ₹661.70 on Friday, down 3.2 per cent in a day, and 30 per cent lower than its issue price of ₹949 per share.

This low level is this year's top deficit level.

The market value of LIC has fallen by about $ 18 billion.

Since the beginning of May 17, the price of LIC has fallen by almost a third.

LIC IPOs are top in capitalization losses these days.

Regarding this, the government had said that it is "concerned" about the temporary default in LIC's shares and the management of the insurance company will look into these aspects and enhance the value of shareholders.

But that doesn't seem to be happening.

Tuhin Kanta Pandey, Secretary, DIPAM, said, “We are very concerned about the temporary blip in LIC share price. It will take time for people to understand LIC (fundamentals). LIC management will look into all these aspects and value the shareholders. will increase."

But what hasn't helped the country's insurance company is disappointing earnings results and lack of communication with the company's management on its growth strategy and plans.

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Since its flop debut on the stock exchanges, the scrip touched a new low of ₹650 and a high of ₹920 a few days after its listing, well below its offer price of ₹949.

The market capitalization (m-cap) of the country's largest insurance company and largest domestic financial investor fell to ₹4.2 lakh crore on Friday, with a loss of over ₹1.8 lakh crore.

At the same time, at the issue price of ₹ 949, the company's m-cap stood at a little over ₹ 6 lakh crore.


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