LIC Shares Surge 8%, Cross Rs 1,100 Ahead of Q3 Results and Dividend Decision | Stock Market News

Life Insurance Corporation of India's shares rose by 8% on Feb 8, surpassing Rs 1,100 per share before their quarterly results. LIC's board will convene later today to review their December quarter earnings and interim dividend. With this surge, LIC's market capitalisation has exceeded Rs 7 lakh crore, making it India's most valuable state-run company, with State Bank of India following closely behind.