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LIC gained record profits of Rs 79,19,89,74,520 in a single trading session as the stock achieves its highest single-day gain in years!
LIC gained record profits of Rs 79,19,89,74,520 in a single trading session as the stock achieves its highest single-day gain in years!

LIC gained record profits of Rs 79,19,89,74,520 in a single trading session as the stock achieves its highest single-day gain in years!

It is evident that mutual funds augmented their holdings from 6.56 per cent to 6.97 per cent

Karan Dsij Article rating: 3.9

Intriguingly, a noteworthy revelation surfaces as the Life Insurance Corporation of India (LIC) holds a 6.31 percent stake in the company, translating to a staggering 416,836,708 shares.

President of India's portfolio and LIC gained record profits of Rs 1,120 crore and Rs 31 crore, respectively, from this small-cap multibagger stock; it hit a 20 percent upper circuit after a long time
President of India's portfolio and LIC gained record profits of Rs 1,120 crore and Rs 31 crore, respectively, from this small-cap multibagger stock; it hit a 20 percent upper circuit after a long time

President of India's portfolio and LIC gained record profits of Rs 1,120 crore and Rs 31 crore, respectively, from this small-cap multibagger stock; it hit a 20 percent upper circuit after a long time

Now, here's a mind-blowing fact – the President of India holds 70.32 per cent of the company's shares, amounting to 1,750,576,628 shares

Karan Dsij Article rating: 3.9

The stock hit an upper circuit limit of 20 per cent on Saturday, marking a significant up-move. This propelled the stock to a fresh 52-week high, and remarkably, it was the first time in the past year that the stock hit an upper circuit. Notably, the stock has reclaimed levels last seen in the fiscal year 2017-18.

 

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