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Value of LIC's holding rises 4% in Sept quarter

Though the rise in valuation was in line with the rise in the benchmark indices, LIC has underperformed the broader market

Samie Modak 

The value of shares held by Life Insurance Corporation (LIC) rose 4.1 per cent to Rs 4.76 lakh crore during the September quarter. In percentage terms, however, its shareholding (as a percentage of market capitalisation of all National Stock Exchange-listed companies) fell 15 basis points to 4.42 per cent, data provided by Prime Database show.

Though the rise in valuation was in line with the rise in the benchmark indices, LIC has underperformed the broader market. The market capitalisation of all listed companies rose around seven per cent during the September quarter. According to Prime, ...

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First Published: Tue, November 01 2016. 23:54 IST