Shares of Life Insurance Corporation of India (LIC) declined marginally on Monday by around 0.30% at the exchanges. However, the decline wasn’t very high given the fact the 20% or 1265 million of the company’s outstanding equity became eligible for trading since the lock-in period ended.

The shares of India’s largest insurer declined 0.26% on BSE and 0.30% on NSE, to close at Rs 606. The stock has already fallen nearly 31% from its listing price of Rs 875.25, and declined 36% from its issue price of Rs 949. It has declined about 8.82% in a year. The shares of LIC were subdued because its numbers declared recently did not enthuse many investors. The net premium declined 19% year-on-year to Rs 1.07 trillion in the second quarter ended September. The profit after tax for the quarter stood at Rs 7,930 crore.

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