The stock was up 2% at Rs 912 on the BSE in an otherwise weak market, trading close to its 52-week high of Rs 936 touched on September 17, 2018, in intra-day trade.
The firm has improved its combined ratio driven by lower loss and expenses ratio
The stock hit highest level since its listing on September 2017 to Rs 872, up 7%, extending its previous day's 3.8% gain on BSE
ICICI Lombard approved payment of second interim dividend of Re 0.75 per equity share of face value of Rs 10 each
ICICI Lombard listed at Rs 650, a 2% below against its initial public offer price of Rs 661 per share on the BSE
The insurer had fixed the price band at Rs 651-661 per share for the Rs 5,700-crore IPO
The product allows two wheeler owners to purchase a policy with a longer duration cover of two or three years