ICICI Group Stock Crashes 15% After Reporting a 46% YoY Decline in Net Profit
Bengaluru, July 16 -- The shares of a Mid-Cap company specialising in providing a comprehensive range of non-life insurance solutions are in focus as they have crashed by 15 percent in the day's trade following their Q1 Results.
With a market capitalization of Rs. 80,771.57 crores in the day's trade, the shares of ICICI Lombard General Insurance Company Ltd declined upto 15 percent, reaching a low of Rs. 1,544.40 per share compared to its previous closing price of Rs. 1,814.00 per share.
What Happened
ICICI Lombard General Insurance Company Ltd, engaged in providing a comprehensive range of non-life insurance solutions, is in focus as they have croresashed by 15 percent in the day's trade following its Q1 Results as follows.
ICICI Lom...
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