ICICI Lombard hits highest level since listing; up 14% in September

The stock was up 4% to Rs 909 on the BSE in intra-day trade, extending its 10% rally in past five trading days in an otherwise weak market.

Shares of ICICI Lombard General Insurance Company were up 4% to Rs 909 per share on the BSE in intra-day trade, extending its 10% rally in past five trading days in an otherwise weak market. The stock of the country’s largest private sector general insurer was trading at its highest level since listing on September 28, 2017.

In past 11 trading days, ICICI Lombard has outperformed the market by surging 21%, as compared to 0.64% decline in the S&P BSE Sensex. It was up 38% against its issue price of Rs 611 per share.

The Insurance Regulatory and Development