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LIC should set an example for retail investment in the IPO allotment. Why can’t all retail investors get an allotment in the share sale? Not only will it widen the stock market base, but it will also give Indian individuals a chance to directly own a stake in a strong Indian brand.

ICICI Prudential Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 82744.61 Crore) operating in Financial Services sector.

A total of 1,032 shares changed hands on the counter till 11:47AM (IST)

“In the auto industry, better returns will come from the auto ancillary companies, especially the non-engine part manufacturing companies like Motherson Sumi, Minda Industries, Minda Corp, Endurance, Varroc.”

A total of 14,550 shares changed hands on the counter till 10:15AM (IST)

“It is not just the fundamentals that are driving this price higher, but the futures market is also driving this high and there is a danger that prices could rise a little bit higher still.”

The telecom services player posted a consolidated net profit of Rs 395.21 crore for the third quarter ended December 2021. The company had reported a net profit of Rs 309.41 crore in the same period a year ago.

The company reported a marginal 1.2 per cent growth in net profit at Rs 318 crore for December quarter 2021-22. It had posted a net profit of Rs 314 crore in the year-ago period, the non-life insurer said.

As of 31-Dec-2021, promoters held 26.06 per cent stake in the company, while FIIs held 53.15 per cent and domestic institutional investors had 6.29 per cent.

Bajaj Auto Ltd., incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 99449.66 Crore) operating in Auto sector.