ICICI Lombard shares down 0.84% as Nifty drops
ICICI Lombard General Insurance Company Ltd. traded 0.84 per cent down in Tuesday's trade at 01:49PM (IST). Around 11,239 shares changed hands on the counter.
The stock opened at Rs 1722.3 and touched an intraday high and low of Rs 1730.0 and Rs 1678.05, respectively, in the session so far. The stock of ICICI Lombard General Insurance Company Ltd. quoted a 52-week high of Rs 1739.95 and a 52-week low of Rs 1056.0.
As per BSE, the total market cap of the ICICI Lombard General Insurance Company Ltd. stood at Rs 84786.16 crore at the time of writing this report.
Key Financials The company reported consolidated net sales of Rs 5211.98 crore for the quarter ended 31-Dec-2023, down 1.12 per cent from previous quarter's Rs 5271.06 crore and down 14.04 per cent from the year-ago quarter's Rs 4570.11 crore.
The net profit for latest quarter stood at Rs 431.46 crore, up 22.39 per cent from the corresponding quarter last year.
Shareholding pattern As of 31-Dec-2023, DIIs held 15.16 per cent stake in the firm, while foreign institutional investors held 23.04 per cent and the promoters 0.0 per cent.
Valuation ratio According to BSE data, the stock traded at a P/E multiple of 46.18 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
