{"id":103537,"date":"2023-05-29T13:30:00","date_gmt":"2023-05-29T08:00:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=103537"},"modified":"2023-05-29T13:21:08","modified_gmt":"2023-05-29T07:51:08","slug":"insurance-stock-jumps-up-to-14-after-parent-approves-an-increase-in-stake-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/insurance-stock-jumps-up-to-14-after-parent-approves-an-increase-in-stake-check-the-details\/","title":{"rendered":"Insurance stock jumps up to 14% after Parent approves an increase in stake; check the details"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3033087000\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of ICICI Lombard General Insurance zoomed around 8 percent and currently trades at Rs 1,190. The scrip witnessed an intra-day high figure of Rs 1,255.70 indicating an upside of around 14 percent as compared to the previous close levels of Rs 1,099.95.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-353824928\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Over the last 5 years, the company has been able to generate returns of around 64 percent for its stakeholders ranging from Rs 724 to the current price levels. The company has a market capitalization of Rs 57,940 crores.&nbsp;<\/p><p>One of the prime factors leading to a surge in the company\u2019s stock prices today is after it shared a piece of information through a regulatory filing with the BSE.&nbsp;<\/p><p>The filing mentioned the Board of Directors of ICICI Bank, via a letter dated 28th May 2023, approved an additional stake of up to 4 percent in ICICI Lombard via multiple tranches. As of March 31, 2023, ICICI Bank held 48.02% in the Company.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2238987143\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The filing further mentioned that out of the 4 percent mentioned above, ICICI Bank plans to acquire atleast 2.5 percent before 9th September 2024.&nbsp;<\/p><p><a href=\"https:\/\/portal.tradebrains.in\/stock\/ICICIGI\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">ICICI Lombard is a general insurance company<\/a> that comprises of various business segments including Marine, Fire, and liability. The company product portfolio includes Motor Insurance, Health Insurance, Third Party Insurance, etc. Geographically, the company conducts its operations in India itself.\u00a0<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Amit Madnani<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3284040981\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of ICICI Lombard General Insurance zoomed around 8 percent and currently trades at Rs 1,190. The scrip witnessed an intra-day high figure of Rs 1,255.70 indicating an upside of around 14 percent as compared to the previous close levels of Rs 1,099.95.&nbsp; Over the last 5 years, the company has been able to generate [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":28546,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[5548,7975,8653,6024,5464,5550,5551,8797,5613,936],"class_list":["post-103537","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-icici-lombard","tag-icici-lombard-general-insurance-company-ltd-share-price","tag-icici-lombard-latest-news","tag-insurance-stock","tag-insurance-stocks-2023","tag-insurance-stocks-to-buy","tag-insurance-stocks-to-buy-in-2023","tag-latest-stock-market-news","tag-stock-jump","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Insurance stock jumps up to 14% after Parent approves an increase in stake; check the details - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of ICICI Lombard General Insurance zoomed around 8 percent and currently trades at Rs 1,190. The scrip witnessed an intra-day high figure of Rs 1,255.70 indicating an upside of around 14 percent as compared to the previous close levels of Rs 1,099.95.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/insurance-stock-jumps-up-to-14-after-parent-approves-an-increase-in-stake-check-the-details\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Insurance stock jumps up to 14% after Parent approves an increase in stake; check the details\" \/>\n<meta property=\"og:description\" content=\"Shares of ICICI Lombard General Insurance zoomed around 8 percent and currently trades at Rs 1,190. 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