LIC stock surges 45% in 2 months, nears IPO price

LIC, the insurance major, brought good news for its investors as its stock price reached the Rs 900 mark on BSE, resulting in positive returns for policyholders. Despite being offered at Rs 949 per share during its IPO, policyholders were able to purchase them at Rs 889, while retail shareholders and employees paid Rs 904. Over the past two months, LIC's stock price has increased by 45%, going from Rs 615 to Rs 893. With a market value of Rs 5.6 lakh crore, LIC is currently the 10th most valued company in India.