ICICI Lombard shares 2.09% as Sensex rises
ICICI Lombard General Insurance Company Ltd. traded 2.09 per cent at Rs 1843.60 at 12:21PM (IST) on Friday, even as BSE benchmark Sensex 888.0 points to 78043.79.
The scrip had settled at Rs 1805.75 in the previous session. The stock quoted a 52-week high price of Rs 2285.85 and 52-week low of Rs 1354.80, respectively. As per BSE data, total traded volume on the counter till 12:21PM (IST) stood at 1921 shares with a turnover of Rs 0.36 crore.
At the prevailing price, the stock traded at 40.79 times its trailing 12-month earnings per share of Rs 44.98 per share and 6.80 times its price-to-book value, exchange data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future.
Price-to-book value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 0.6375.
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