LIC-backed NBFC surges over 5% after ₹30 crore CP redemption boosts investor sentiment
Shares of a Life Insurance Corporation (LIC)-owned non-banking financial company (NBFC) rallied over 5% on Tuesday following the successful redemption of commercial papers (CPs) worth ₹30 crore. The move, seen as a strong signal of liquidity strength and financial discipline, triggered renewed investor confidence in the stock, which had been trading range-bound over the past…