LIC’s shares fell to their fresh 52-week low on the NSE on June 20 as the investment banker’s research wing initiated coverage on the stock with an ‘outperform’ rating JP

The selloff in LIC shares intensified after the anchor’s lock-in period ended. They comprise large institutions that buy ahead of an IPO to generate demand and had cornered Rs 5,627.3

Government slashes its LIC IPO size down to 31.6 shares after muted feedback from investors, looks forward to completing the listing by 2nd May, according to the reports. According to