For a brief period during the day, as LIC’s stock hit a life-high of Rs 1,144, the life insurer was the fourth most valued company in the country, ahead of Infosys. But at close of the session, as its stock price dipped a bit from the earlier high, it settled at the fifth spot.
Currently, with a market cap of Rs 19.6 lakh crore, Reliance Industries is the most valued company in the country, followed by TCS at Rs 15.1 lakh crore and HDFC Bank at Rs 10.7 lakh crore. During the day, the stock price gained almost 6% to close at Rs 1,106. In the last two and a half months, the stock has gained 82%, BSE data showed.