ICICI Life Insurance Names Siddhartha Mishra MD & CEO As Anup Bagchi Steps Down
ICICI Bank secured new business.
· NDTV Profit, BS Companies
ICICI Life Insurance has appointed Siddhartha Mishra as Managing Director and CEO.
The analysis
Against that, the stock is -0.9% on the day at ₹1,344.90, and has returned -2.1% over three months. It sits 8% below its 52-week high. The banks sector has moved -1.7% over the same period, so ICICI Bank is running 0.4 points behind its peers.
For ICICI Bank, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Market context
- The company directly in focus is ICICIBANK.
- Sector exposure: Banks.
In this story
Related coverage
ICICI Prudential Life Insurance to focus on growing absolute VNB amid slump in FY24
ICICI Pru Life Q4 net profit falls 26% to Rs 174 cr, insurer announces dividend
Gujarat State Petronet falls sharply from day#39;s high as tariff cut triggers flurry of downgrades
Shadowfax Technologies shares jump 137% from IPO price; ICICI Securities sees 15% upside | Should you buy?
Life Insurers' First-Year Premium Jumps 21% In September; LIC Reports 19% YoY Increase At Rs 27,529 Crore