Bajaj Finance and Adani Transmission have replaced LIC on the list of India’s 10 most valuable firms by market capitalization.
At 9.30 am, the market capitalization of LIC was Rs4.26 lakh crore, up 0.6% from its previous close, and it was trading on the BSE at Rs 674.
The value of the insurer’s shares has decreased by 30% from their initial issuance price of Rs 949, or Rs1.75 lakh crore.
The largest insurer in the country, which oversees assets worth more than Rs41 lakh crore, issued an IPO for Rs20,500 crore in early May before becoming public on May 17.
Reliance Industries, Tata Consultancy Services, HDFC Bank, Infosys, Hindustan Unilever, ICICI Bank, State Bank of India, HDFC, Bajaj Finance, and Adani Transmission are now the top 10 most valuable companies in India.
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