Life Insurance Corporation extends rally ahead of bonus issue
pre-market1 source ↓written by the desknot a recommendation
- over two days
- 6%
- record date
- 1:1 bonus issue
- record date
- 29 May
Shares of Life Insurance Corporation of India (LIC) surged nearly 6% over two days as investor sentiment strengthened ahead of the 1:1 bonus issue record date on 29 May. The bonus issue, marking LIC's first since listing, has attracted strong retail interest, reflecting confidence in the company's growth and profitability.
The move is seen as a shareholder-friendly initiative aimed at enhancing value for investors.
Not investment advice. For informational purposes only.