LIC Shares : Last week, a decline was recorded in the stock market index Sensex. At the same time, LIC shares have increased by 14 percent. Investors earned Rs 86,146.47 crore in just five days. Are
There are continuous ups and downs in the stock market. But it cannot be said when a stock will change the fortunes of its investors. A similar miracle has been done by the shares of the country’s largest insurance company LIC. In which the shareholders who invested money have earned more than Rs 86,000 crore in just 5 days.
The benchmark 30-share Bombay Stock Exchange Sensex (BSE Sensex) fell 490.14 points or 0.67 per cent last week. During this period, the market capitalization of four of the top 10 most valuable companies of Sensex has increased.
The total market capitalization of these companies increased by Rs 2.18 lakh crore. On the other hand, there were six companies in which the collective wealth of investors who had invested money declined by Rs 1,06,631.39 crore.
Big rise in LIC shares
LIC has been at the forefront in giving multibagger returns while showering money on its investors. In just 5 days of trading, the market cap of LIC touched the figure of Rs 7 lakh. But, later it declined slightly and finally it increased to Rs 6,83,637.38 crore for the entire week. During this period the shares of the company (LIC stock) increased by 14 percent and investors’ wealth increased by Rs 86,146.47 crore.
These companies continue to make money
On one hand, LIC made its investors rich. At the same time, the country’s largest government bank SBI also remained ahead in terms of revenue. With an increase of Rs 65,908 crore in five days, SBI mcap has reached Rs 6,46,365 crore. The third highest earning company last week was Tata Group’s IT major TCS. The investors who invested money in this got Rs 61435 crore.
The market capitalization of the company increased to Rs 15,12,743 crore. Reliance Industries Limited, led by Asia’s richest man Mukesh Ambani, was the fourth highest-grossing company. Its market capitalization (Reliance MCap) increased by Rs 5,108 crore to Rs 19,77,136 crore.
Six companies lost investors’ money
Six companies have lost investors’ money. HDFC Bank was the laggard in this matter. The market capitalization (HDFC Bank MCap) of the bank declined by Rs 2,963.94 crore to Rs 10,65,808.71 crore. Apart from this, ITC MCAP decreased by Rs 30,698.62 crore to Rs 5,18,632.02 crore. The market cap of Bharti Airtel also declined by Rs 16,132.15 crore to Rs 6,31,044.50 crore.