Life Insurance Corporation Of India

New Delhi: Shares of Life Insurance Corporation of India (LIC) jumped more than 6 percent on Thursday, with its market valuation climbing to Rs 6.99 lakh crore, making the firm the fifth most valued company. The stock climbed 5.86 percent to settle at Rs 1,106.25 apiece on the BSE. During the day, it zoomed 9.51 percent to hit its record high of Rs 1,144.45. On the NSE, it jumped 6.46 percent to Rs 1,112 a share. The company's market valuation went up by Rs 38,740.62 crore to Rs 6,99,702.87 crore. With this, the company became the fifth most valued firm by market capitalisation (mcap), beating ICICI Bank. (Also Read: RBI's Big Announcement On MSME Loan Processing Fees & Documentation Charges: Check Here) Taking into account the record high of Rs 1,144.45 per share, the ...