Lock-In Period Over For Anchor Investors In LIC Stock, Shares Fell 3%, Investors Lost Rs 1.65 Lakh Crore

New Delhi:- On Monday, the lock-in-period is coming to an end for anchor investors investing in LIC IPO. It’s effect clearly visible on LIC’s stock today. The stock of this government insurance company is trading below Rs 690 with a fall of almost 3 percent today. The miseries of LIC shareholders do not seem to e diminishing at the moment.

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The lock-in-period is coming to an end for anchor investors investing in LIC IPO on Monday. Its effect is clearly visible on LIC’s stock today. The stock of this government insurance company is trading below Rs 690 with a fall of about 3 percent today.

On Friday also these stocks closed in the red mark. Now if anchor investors exit LIC’s stock, then it will fall further. LIC shares are falling continuously after being listed below its issue price and continues to fall from there.

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Today it has come down to Rs 690, down more than 25 percent from its IPO price. Since the listing, investors have drowned Rs 1.65 lakh crore in it. According to the IPO price, the market cap of LIC at the time of listing was Rs 6.02 lakh crore.

Today at 11 o’clock on Monday, its market cap is Rs 4.34 lakh crore. That is, in this way more than 1.65 lakh crore of investors have been blown away. Experts say that unless the overall market sentiment is positive, there is little chance of improvement in LIC.

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Priyanka Yadav

An active reader and follower of news. A budding journalist tries to spread authentic news to people.

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