Rs 7 Lakh crore: LIC beats ICICI Bank to be fifth most valued company

LIC's stock rally over two and a half months boosted its market value to nearly Rs 7 lakh crore, making it India's fifth most valued company. At its peak, LIC briefly surpassed Infosys to claim fourth position. Reliance Industries leads with Rs 19.6 lakh crore, followed by TCS and HDFC Bank.