Following ICICI Lombard General Insurance’s strategic acquisition of a 0.35% stake in Hero MotoCorp for ₹258 crore, both stocks are expected to be in focus today. The acquisition, completed during market hours on October 22, 2024, signals a key move for ICICI Lombard to diversify its investment portfolio further.
As of the market close on October 22, 2024, ICICI Lombard was trading at ₹1,983.15, while Hero MotoCorp closed at ₹5,181.75. Hero MotoCorp, one of India’s largest two-wheeler manufacturers, reported a turnover of ₹37,788 crore in FY 2023-24.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Please consult a financial advisor before making any investment decisions.
