Shares of ICICI Prudential Life Insurance Company (ICICI Pru) rallied 9 per cent to Rs 418.80 in Thursday’s intra-day trade, after the appointment of Anup Bagchi as Managing Director & Chief Executive Officer (MD & CEO) of the company. Anup Bagchi is presently the Executive Director of ICICI Bank, and Non-executive Director of ICICI Pru.
At 11:19 am; the stock traded 6 per cent higher at Rs 407.60, as compared to 0.25 per cent rise in the S&P BSE Sensex. It recovered 10 per cent from its 52-week low price of Rs 380.95, which it had touched in intra-day trade today. In the past six months, the stock underperformed market as shares fell 26 per cent, as against 2