ICICI Lombard shares down 1.23% as Nifty drops
ICICI Lombard General Insurance Company Ltd. traded 1.23 per cent down in Wednesday's trade at 01:34PM (IST). Around 5,408 shares changed hands on the counter.
The scrip opened at Rs 1388.2 and touched an intraday high and low of Rs 1388.2 and Rs 1357.4, respectively, in the session so far. The stock 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.
As per BSE, the total market cap of the ICICI Lombard General Insurance Company Ltd. stood at Rs 66779.34 crore at the time of writing this report.
Key Financials The company reported consolidated net sales of Rs 5271.06 crore for the quarter ended 30-Sep-2023, up 11.59 per cent from previous quarter's Rs 4723.62 crore and up 12.04 per cent from the year-ago quarter's Rs 4704.51 crore.
The net profit for latest quarter stood at Rs 577.27 crore, down 2.25 per cent from the same quarter a year ago.
Shareholding pattern As of 30-Sep-2023, DIIs held 15.54 per cent stake in the firm, while foreign institutional investors held 22.37 per cent and the promoters 0.0 per cent.
Valuation ratio According to BSE data, the stock traded at a P/E multiple of 38.0 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.
