ICICI Lombard makes tepid trading debut

ICICI Lombard, the country’s largest private sector general insurer, had a tepid trading debut with its stock slipping as much as 3.4 per cent. The stock, however, managed to recoup most of the losses — despite weak market conditions — to close with 2.87 per cent gains. 

Shares of ICICI Lombard closed at Rs 680 compared to the issue price of Rs 661. The stock touched a high of Rs 694 and a low of Rs 639 on the National Stock Exchange (NSE). A total of Rs 2,708 crore worth of shares were traded on the NSE and the BSE. 

Analysts said