LIC stock hits new lifetime high of Rs 1,178.60

Mumbai: Shares of state-run insurer Life Insurance Corporation of India (LIC) on Friday touched a new lifetime high of Rs 1,178.60 on the Bombay Stock Exchange (BSE). Earlier the stock had hit its lifetime high of Rs 1,175 a share, on February 9 this year.

LIC’s shares have rallied almost 80 per cent over the last one year, following strong operational performance or positive sentiment for PSU shares among the investors. The stock has given 38.61 per cent return much higher than the benchmark index, Sensex and Nifty which have given a return of 11.24 per cent and 12.86 per cent, respectively.