LIC shares below Bajaj Finance and HDFC in terms of market capitalization

The market cap of Life Insurance Corporation (LIC) has gone below that of Bajaj Finance and Housing Development Finance Corporation Ltd. or HDFC Ltd. As per market cap data available on the BSE website, LIC shares ended Wednesday with a market valuation of Rs. 4,29,151.09 crores. In the list of India’s most valuable companies in terms of market capitalization, LIC’s shares slipped to 10th position, below Bajaj Finance and HDFC Ltd.

In Wednesday’s session of the Indian Share MarketBajaj Finance finished 8th in the Big Boys Club with a market cap of Rs. 4,41,536.51 crore while HDFC Ltd ranked 9th with a market cap of Rs. 4,29,520.43 crores. Adani Transmission Limited is ranked 11th with a market cap of 3,90,935.57 crore.

Reliance Industries Limited (RIL) continues to top the list of India’s most valuable companies in terms of market cap along with market cap. 17,62,864.01 crore. Tata Consultancy Services or TCS is following RIL in second place with market valuation of 12,21,976.80 crore. HDFC Bank is ranked third with a market cap of 7,96,528.65 crores. The private lender remains the most valuable Indian bank in terms of market capitalization. ICICI Bank and State Bank of India (SBI) are ranked sixth and seventh respectively.

In Wednesday’s session, shares of Adani Transmission hit a 52-week high and displaced Bharti Airtel from the 11th spot in the list of India’s most valuable companies in terms of market cap. Shares of Adani Transmission climbed two places in the list and ended with a market cap of 3,90,935.57 crore on Wednesday. Bharti Airtel ended Wednesday’s session with a market cap of Rs. 3,85,504.14 crore while ITC ended the previous session with a market cap of Rs. 3,81,276.38 crores.

LIC share price ended on Wednesday 678.60 each on the NSE, logging down about 1 per cent from Tuesday’s close 685.50 each on NSE.

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