ICICI Lombard nears 52-week high; stock up 14% in a week

The stock was up 2% at Rs 912 on the BSE in an otherwise weak market, trading close to its 52-week high of Rs 936 touched on September 17, 2018, in intra-day trade.

Shares of ICICI Lombard General Insurance Company has moved higher by 2% to Rs 912 per share on the BSE in an otherwise weak market. The stock was trading close to its 52-week high of Rs 936 touched on September 17, 2018, in intra-day trade.

In past one week, the stock of general insurance company has outperformed the market by gaining 14% after the private equity investor Warburg Pincus on Friday sold nearly three percentage point stake in the company through the open market. In comparison, the S&P BSE Sensex was down 2% during the same period.

On Friday, November