Adani Enterp. 2513.00↓-21.05(-0.83%)
Adani Ports 736.65↓-0.85(-0.12%)
Apollo Hospitals 4715.60↑75.15(1.62%)
Asian Paints 3149.00↑11.60(0.37%)
Axis Bank 934.35↑4.55(0.49%)
B P C L 360.45↓-1.25(-0.35%)
Bajaj Auto 4600.35↓-18.15(-0.39%)
Bajaj Finance 6980.00↑47.95(0.69%)
Bajaj Finserv 1454.00↑4.45(0.31%)
Bharti Airtel 822.05↑0.80(0.10%)
Britannia Inds. 4571.15↓-4.10(-0.09%)
Cipla 959.80↑3.55(0.37%)
Coal India 244.45↓-1.65(-0.67%)
Divi's Lab. 3468.05↓-9.80(-0.28%)
Dr Reddy's Labs 4524.85↓-31.40(-0.69%)
Eicher Motors 3693.25↓-18.20(-0.49%)
Grasim Inds 1720.60↑7.30(0.43%)
H D F C 2680.50↓-10.05(-0.37%)
HCL Technologies 1140.45↑14.25(1.27%)
HDFC Bank 1633.70↓-1.80(-0.11%)
HDFC Life Insur. 579.80↑0.75(0.13%)
Hero Motocorp 2787.80↑10.90(0.39%)
Hind. Unilever 2658.00↑7.70(0.29%)
Hindalco Inds. 412.70↓-7.20(-1.71%)
ICICI Bank 949.05↑0.90(0.09%)
IndusInd Bank 1287.20↑2.25(0.18%)
Infosys 1319.55↑5.15(0.39%)
ITC 450.10↑1.00(0.22%)
JSW Steel 706.15↑3.95(0.56%)
Kotak Mah. Bank 1966.35↑13.15(0.67%)
Larsen & Toubro 2210.00↓-14.55(-0.65%)
M & M 1329.50↓-0.65(-0.05%)
Maruti Suzuki 9387.00↑53.50(0.57%)
Nestle India 21600.00↓-129.45(-0.60%)
NTPC 176.65↑0.35(0.20%)
O N G C 158.50↓-0.50(-0.31%)
Power Grid Corpn 235.00↑0.50(0.21%)
Reliance Industr 2527.30↑6.70(0.27%)
SBI Life Insuran 1216.10↓-2.00(-0.16%)
St Bk of India 594.20↓-0.80(-0.13%)
Sun Pharma.Inds. 962.05↓-6.40(-0.66%)
Tata Consumer 792.75↓-1.50(-0.19%)
Tata Motors 518.55↓-2.90(-0.56%)
Tata Steel 107.25↓-1.20(-1.11%)
TCS 3311.55↓-8.80(-0.27%)
Tech Mahindra 1103.00↓-11.05(-0.99%)
Titan Company 2808.00↓-4.25(-0.15%)
UltraTech Cem. 7920.00↑79.45(1.01%)
UPL 689.30↓-0.70(-0.10%)
Wipro 403.40↑3.60(0.90%)

Stake buy: Strategies for ICICI Bank, ICICI Lombard General Insurance

Technically, ICICI Bank is poised for an upside up to 10 per cent, while ICICIGI must sustain over the 200-DMA

Avdhut Bagkar Mumbai

stake sale, shares, investors, investment

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ICICI Bank to acquire 4% stake in ICICI Lombard General Insurance company

2 min read Last Updated : May 30 2023 | 11:20 AM IST

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Shares of ICICI Lombard General Insurance Company conquered the 200-day moving average (DMA) after January this year, following ICICI Bank announcing buying 4 per cent additional stake in the insurance company.

The overall trend of ICICI Lombard General Insurance has not been lucrative since early 2022. The price action has tumbled 5 per cent so far this year, post plunging 11 per cent the previous year.

Meanwhile, shares of ICICI Bank are trading closer to its all-time high, with sentiment continues to foresee higher upside.