State-owned insurance behemoth Life Insurance Corporation (LIC) reported a net profit of Rs 682.88 crore in the April-June quarter (Q1) of FY23, driven by its non-par business.
The decision to shut down was driven by the ongoing slowdown in the telecom sector, rather than unrest in Kashmir
The stock hit a record high of Rs 275, up 7% on the BSE in intra-day trade
The stock surged 6% to Rs 196 after the company posted 47% growth in net profit at Rs 47 cr in Q1.