Sagarmatha Insurance
Sagarmatha Insurance's stock declined by 1.28% today, closing at Rs 540.0, the same price as the previous day. There is no specific news driving this movement, so the decline likely reflects broader market or sector sentiment rather than company-specific developments.
Sector: Non-Life Insurance
Summary
Sagarmatha Insurance (SICL) has merged to form Sagarmatha Lumbini Insurance, operating in the Non-Life Insurance sector. The merged entity recently announced its special reserve fund exceeded Rs 2.55 billion, significantly enhancing its financial stability.
Recent moves
declined -1.28% to Rs 540.0 — no specific news
declined -1.28% to Rs 540.0 — no specific news
declined -1.28% to Rs 540.0 — no specific news
gained +0.55% to Rs 547.0 — no specific news
declined -0.73% to Rs 541.0 — no specific news
gained +0.18% to Rs 545.0 — no specific news
gained +1.49% to Rs 544.0 — no specific news
no change 0.00% to Rs 532.0 — no specific news
gained +0.19% to Rs 532.0 — no specific news
declined -0.93% to Rs 531.0 — no specific news
declined -0.37% to Rs 536.0 — no specific news
declined -0.39% to Rs 538.0 — no specific news
declined -0.55% to Rs 541.0 — no specific news
no change 0.00% to Rs 544.0 — no specific news
gained +1.21% to Rs 577.9 — no specific news
gained +1.21% to Rs 577.9 — no specific news
gained +1.21% to Rs 577.9 — no specific news
gained +1.21% to Rs 577.9 — no specific news
gained +1.21% to Rs 577.9 — no specific news
gained +1.82% to Rs 560.0 — no specific news
Context
Sagarmatha Insurance (SICL) has recently merged to form Sagarmatha Lumbini Insurance. The newly merged entity has demonstrated strong financial health, with its special reserve fund exceeding Rs 2.55 billion, which significantly enhances its overall financial stability.
Recently, the government filed copyright infringement cases against Sagarmatha Digital, a related entity, for Rs 95 lakh damages, but this has not directly impacted SICL's stock price yet.
Additionally, Sagarmatha Lumbini Insurance has introduced a rainfall-indexed paddy insurance product covering 3,304 kattha across nine districts, reflecting its efforts to expand innovative insurance offerings in the agricultural sector.
The CEO of Sagarmatha Lumbini Insurance, Chanki Kshetri, was recently elected vice president of AIRDC, boosting the company's profile in the global insurance community.
Nepal has also proposed the 'Sagarmatha to Sea' alliance ahead of COP31, which could enhance regional cooperation, though this is an early-stage development without direct stock impact yet.
- last market date
- 2026-10-20
- last price
- 540
- last price change pct
- -1.28
- sector
- Non-Life Insurance
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