LIC shares increase 1.98% and get Rs1045 on today’s (Wednesday) closing. The stock also hits its all-time high record of Rs1050 almost 2.52 cents on Wednesday.LIC Share Price: The share of LIC (Life Insurance Corporation of India) continuously increased up and touched an all-time high record on Wednesday, Getting Rs1050 per share price. PM Modi talks about LIC shares getting an all-time high in Rajya Sabha (Council of States).
PM Narendra Modi says:-
{PM Words in Rajya Sabha: Adarniya sabhapati ji mein seena taan ke kehna chahta hoon aankhein uuchi krke sunana chahta hoon, aaj LIC Shares records sthar par hain “PM Modi”.}
आज इसलिए दुनियाभर के Investors का भरोसा भारत के PSU की तरफ बढ़ रहा है… pic.twitter.com/b00sC6HL7K
— Narendra Modi (@narendramodi) February 7, 2024
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PM Modi said in 2024 that PSU Companies worth almost Rs9.5 Lakh crore, which is now almost nearly double in amount Rs17 lakh crore as per reports in 2024, Also get net profit worth bounced just double over Rs2.5 lakh crore against 2014 which was Rs1.25 lakh crore after his government came in power.
LIC recently launched its IPO issue price of Rs949 on 17 May 2022 and hit a 52week low on 29 March 2023 of a share price of RS530 because of rumours said PM Modi mentioned in his words at Rajya Sabha (Council of States), But at the end of the 2023 LIC share gets increases day by day and made the All-Time High on Wednesday Rs1050 and closes at Rs1044 at the day end.
The PM Modi also said at Rajya Sabha that the Congress party manipulated the public about PSU Companies and also said that there were a total of 235 PSU companies at the time of Congress party 2014 and also not much trusted by the public because of not getting support from the government. Still, now in the era of PM Modi, the total number of PSU Companies is 277 and also trusted by the public as we can see the jump in the share market of these companies as proof that people are getting interested in these government companies.
