New Delhi, May 29 -- Shares of insurance behemoth Life Insurance Corporation of India (LIC) flashed a 50% downside from the last closing price on the National Stock Exchange (NSE) on Friday, 29 May.

LIC share price touched an intraday low of Rs.416.25 as against the last close of Rs.830.

Today, the PSU stock has turned ex-record for its 1:1 bonus issue. Investors must understand that this decline is due to an adjustment in LIC's stock price in line with the bonus issue and not an actual loss.

More to come.

Published by HT Digital Content Services with permission from MINT....