ICICI Lombard shares down 0.34% as Nifty drops
ICICI Lombard General Insurance Company Ltd. traded 0.34 per cent down in Monday's trade at 12:19PM (IST).
Around 7,421 shares changed hands on the counter.
The scrip opened at Rs 1379.15 and touched an intraday high and low of Rs 1386.85 and Rs 1373.0, respectively, in the session so far. Shares of the company of ICICI Lombard General Insurance Company Ltd.
quoted a 52-week high of Rs 1422.85 and a 52-week low of Rs 1049.1.
Total market cap of the ICICI Lombard General Insurance Company Ltd. stood at Rs 67513.14 crore at the time of writing this report.
Key Financials The company reported consolidated net sales of Rs 4723.62 crore for the quarter ended 30-Jun-2023, down 13.27 per cent from previous quarter's Rs 5446.57 crore and down 13.84 per cent from the year-ago quarter's Rs 4149.38 crore.
The net profit for latest quarter stood at Rs 390.36 crore, up 11.84 per cent from the corresponding quarter last year.
Shareholding pattern As of 30-Jun-2023, DIIs held 15.21 per cent stake in the firm, while foreign institutional investors held 22.0 per cent and the promoters 48.01 per cent.
Valuation ratio According to BSE data, the stock traded at a P/E multiple of 38.13 and a price-to-book ratio of 5.03.
A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
ICICI Lombard General Insurance Company Ltd.
