LIC Gains Over 3% After OFS, Q1 Results Boost Sentiment

LIC shares rose over 3% after holding above the key Rs 390 level despite a massive Rs 32,000-crore OFS conducted at a 10% discount. Institutional and retail cut-off prices were Rs 383 and Rs 373, respectively. Strong Q1 results and the stock’s resilience supported investor sentiment. $LICI