LIC shares rise ahead of bonus issue record date
after close1 source ↓written by the desknot a recommendation
- over two trading
- 6%
- record date
- 1:1 bonus issue
- record date
- 29 May
Shares of Life Insurance Corporation of India (LIC) rallied nearly 6% over two trading days as investor sentiment improved ahead of the 1:1 bonus issue record date on 29 May. The bonus issue, the first since LIC's listing, aims to enhance shareholder value and has sparked strong retail interest.
The positive momentum is supported by robust quarterly earnings, reinforcing confidence in LIC's growth and profitability.
Not investment advice. For informational purposes only.