Shares of Life Insurance Corporation of India surged over 3% after announcing its first-ever 1:1 bonus issue.
The move boosted investor confidence and increased trading activity in the stock market.
The stock price climbed significantly on the NSE following the announcement.
Strong investor interest pushed LIC shares upward, signaling positive market sentiment.
The government aims to reduce its stake gradually while improving liquidity.
The bonus issue will expand equity and support future disinvestment plans.