ICICI Lombard shares down 3.6% as Sensex rises
ICICI Lombard General Insurance Company Ltd. fell 3.6 per cent to Rs 1651.05 in Friday's session as of 01:28PM (IST) even as the equity benchmark Sensex traded 1058.48 points higher at 73558.78.
Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 1739.95 and a 52-week low of Rs 1049.1 on NSE. Around 18062 shares changed hands on the counter till 01:28PM (IST).
The stock opened at Rs 1711.7 and has touched an intraday high and low of Rs 1722.2 and Rs 1650.0 during the session so far. The stock quoted a price-to-earnings (PE) ratio of 44.34, earnings per share (EPS) of Rs 37.3 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 47.91 per cent stake in the company as of March 01, while FII and MF ownerships stood at 23.04 per cent and 15.16 per cent, respectively.
Key Financials With a market capitalisation of Rs 81406.63 crore, the company operates in the Insurance — Non Life industry. For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 5211.98 crore, down 1.12 per cent from the previous quarter?s Rs 5271.06 crore and down 14.04 per cent from the same quarter a year ago. The company reported net profit of Rs 431.46 crore for the latest quarter, up 22.39 per cent from the corresponding quarter last year.
Technical Indicators The relative strength index (RSI) of the stock stands at 57.77. The RSI oscillates between zero and 100. Traditionally,
