Here's why LIC's shares rallied over 4% on Nov 12; check details here

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Here's why LIC's shares rallied over 4% on Nov 12; check details here - Business Standard

Quick Summary:

India's largest life insurance company, Life Insurance Corporation (LIC) shares surged to an intraday high of Rs 194.20 per share, rallying 4.

LIC reported 4 per cent Y-o-Y decline in shareholder net profit to Rs 7,620 crore.

This came after the company received a double upgrade from US investment banking firm JP Morgan after reporting robust growth in quarterly earnings for the second quarter of financial year 2024-25 (Q2FY25).