Mumbai: Shares of LIC It hit a 52-week high on NSE on Thursday and then closed at Rs 785. Analysts attributed the increase to price increases. Adani Group Stocks of companies in which the corporation has a substantial stake.
LIC shares have been on a rise over the past fortnight, gaining nearly 30% from Rs 608 on November 22. LIC has stake in sevenAdani Group companies, including Adani Ports and Special Economic Zone at 9% and Adani Enterprises at 4.2%, have gained 16% from their lows.
Adani Group companies have seen significant growth in the last four months.
LIC shares have been on a rise over the past fortnight, gaining nearly 30% from Rs 608 on November 22. LIC has stake in sevenAdani Group companies, including Adani Ports and Special Economic Zone at 9% and Adani Enterprises at 4.2%, have gained 16% from their lows.
Adani Group companies have seen significant growth in the last four months.