ICICI Lombard fell 2.82 per cent to hit a low of Rs 1,266 on BSE. With this, the stock has taken its losing streak to the seventh straight trading session. The stock has fallen 8.14 per cent in the 7-day decline.
ICICI Lombard: CLSA said Bhargav's resignation letter indicated that the succession planning process at ICICI Lombard has already been initiated and the successor shall soon be announced.
ICICI Lombard stock jumped 14.25 per cent to hit a high of Rs 1,256.70 on BSE. ICICI Bank would acquire at least 2.5 per cent stake out of the above 4 per cent, before September 9, 2024, ICICI Lombard told exchanges.
ICICI Lombard: Macquarie said the company continues to see heightened competitive intensity and irrational pricing in the motor segment and has deliberately slowed down growth, especially in the private car segment.