Buy ICICI Lombard, target price Rs 2100: Motilal Oswal
ICICI Lombard General Insurance Company with a target price of Rs 2100. The current market price of ICICI Lombard General Insurance Company Ltd. is Rs 1730.1.
ICICI Lombard General Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 85278.90 Crore) operating in Financial Services sector.
ICICI Lombard General Insurance Company Ltd. key Products/Revenue Segments include Miscellaneous Insurance, Other Operating Revenue, Fire Insurance and Marine Insurance for the year ending 31-Mar-2023.
Financials For the quarter ended 31-03-2024, the company reported a Standalone Total Income of Rs 5395.46 Crore, up 3.52 % from last quarter Total Income of Rs 5211.98 Crore and down -.94 % from last year same quarter Total Income of Rs 5446.57 Crore. Company reported net profit after tax of Rs 519.50 Crore in latest quarter.
Promoter/FII Holdings Promoters held 51.27 per cent stake in the company as of 31-Mar-2024, while FIIs owned 23.05 per cent, DIIs 15.96 per cent.
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