Monday was very good for the country’s largest insurance company LIC. Due to which Gautam Adani’s Adani Group has been there. LIC has gained Rs 3,447 crore due to a 19 per cent jump in Adani Group’s shares. In fact a media report states that the Supreme Court panel in its report has given cliché to Adani Group by saying that it is not possible to conclude that there was failure of SEBI in not detecting the allegation of fraud in the shares. Because of which there has been a tremendous increase in the shares of Adani Group.

LIC benefited like this

Adani Enterprises was the top gainer with a gain of 18.84 per cent. LIC holds 4.26 per cent stake in the company till March 31, 2023. Adani Ports saw a gain of 6.03 percent. Data showed that the insurance company had a 9.12 per cent stake in the fourth quarter of FY2023. Adani Transmission, Adani Total Gas and Adani Green Energy also hit upper circuit of 5 per cent. Ambuja Cement and ACC also jumped 5 per cent and 4.93 per cent, respectively, on May 22. LIC also held more than 1 percent stake in the companies till March 31, 2023. Due to which the market value of LIC’s stake in Adani shares increased from Rs 39,878.68 crore on 19 May to Rs 43,325.39 crore on 22 May.

LIC shares also increased by more than 2 percent

On the other hand, LIC shares have also seen an increase of more than 2 percent. According to the data received from BSE, LIC shares have seen a gain of 2.19 percent. After which the company’s stock closed at Rs 577.30. According to the data, the company’s stock opened at Rs 567.25 today. The company’s stock reached Rs 579.25 during the trading session. By the way, the company’s stock had closed at Rs 564.95 on Friday.