Intriguingly, a noteworthy revelation surfaces as the Life Insurance Corporation of India (LIC) holds a 6.31 percent stake in the company, translating to a staggering 416,836,708 shares.

The stock hit an upper circuit limit of 20 per cent on Saturday, marking a significant up-move. This propelled the stock to a fresh 52-week high, and remarkably, it was the first time in the past year that the stock hit an upper circuit. Notably, the stock has reclaimed levels last seen in the fiscal year 2017-18.