LIC extends losing streak to 7th straight session, hits record low

LIC made stock market debut on May 17, 2022, and is trading 40 per cent below its issue price of Rs 949 per share

Shares of Life Insurance Corporation of India (LIC) hit a record low of Rs 568.25, down 3 per cent on the BSE in Monday's intra-day trade, amid heavy volumes. The stock of the state-owned life insurer has fallen below its Budget day i.e. February 1, 2023 low of Rs 582.45, and is quoting lower for the seventh straight trading day.

In the past one month, the stock price of LIC has dipped 14 per cent, as compared to 0.19 per cent decline in the S&P BSE Sensex. A combined 841,000 equity shares had changed hands on the counter on