Can LIC’s 17% wage hike derail the rally for 29 lakh shareholders?

April 2, 2024

LIC shares have risen 6% to Rs 972, surpassing IPO price. The 17% wage hike may cost shareholders Rs 4,000 crore yearly. Sebi has confirmed employee involvement in front-running case which will potentially impact stock price.

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ITC’s tobacco business is going cheap but Kotak Institutional Equities thinks market has it wrong

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