ICICI Lombard shares down 0.84% as Sensex rises
ICICI Lombard General Insurance Company Ltd. fell 0.84 per cent to Rs 1438.3 in Wednesday's session as of 01:54PM (IST) even as the equity benchmark Sensex traded 624.6 points higher at 66798.8.
Earlier in the day, the stock witnessed a gap up start to the session.
The stock quoted a 52-week high price of Rs 1484.25 and a 52-week low of Rs 1049.1 on NSE. Around 6987 shares changed hands on the counter till 01:54PM (IST).
The stock opened at Rs 1461.95 and has touched an intraday high and low of Rs 1461.95 and Rs 1433.0 during the session so far.
The scrip quoted a price-to-earnings (PE) ratio of 40.18, earnings per share (EPS) of Rs 35.76 and price to book value (PB) of 5.03, while the return on equity (ROE) stood at Rs 16.55.
Promoter/ FII Holding
The promoters held 48.0 per cent stake in the company as of November 29, while FII and MF ownerships stood at 22.37 per cent and 15.54 per cent, respectively.
Key Financials With a market capitalisation of Rs 70594.95 crore, the company operates in the Insurance — Non Life industry.
For the quarter ended 30-Sep-2023, the company reported consolidated sales of Rs 5271.06 crore, up 11.59 per cent from the previous quarter?s Rs 4723.62 crore and up 12.04 per cent from the same quarter a year ago. The company reported net profit of Rs 577.27 crore for the latest quarter, down 2.25 per cent from the corresponding quarter last year.
Technical Indicators The relative strength index (RSI) of the stock stands at 61.63.
The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to
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