ICICI Lombard hits new high; stock surges 7%

The stock hit its highest level since listing on September 27, 2017, at Rs 1,015, surging 13% in past one week, as compared to no change in Nifty 50 index.

The shares of ICICI Lombard General Insurance hit a new high of Rs 1,015 apiece after surging 7 per cent in the intraday trade on Tuesday in an otherwise subdued market on the National Stock Exchange (NSE). The stock has outperformed the market by surging 13 per cent in the past week, as compared to no change in the benchmark Nifty 50 index. This is ICICI Lombard's highest level since listing on September 27, 2017.

The leading private non-life insurer has registered 25.9 per cent growth in the gross domestic premium income (GDPI) collected in the December 2018 quarter (Q3FY19)