ICICI Lombard shares drop 0.01% as Sensex rises
ICICI Lombard General Insurance Company Ltd. traded 0.01 per cent lower in Monday's session at 01:38PM (IST). The stock opened at Rs 1688.4 and has touched an intraday high and low of Rs 1704.9 and Rs 1677.85, respectively, during the session so far.
The stock quoted a 52-week high of Rs 1747.4 and a 52-week low of 1056.0. About 8,205 shares changed hands on the counter so far.
Benchmark Nifty50 was up 130.25 points at 22277.25, while the BSE Sensex traded 348.32 points higher at 73436.65 at the time of writing of this report.
In the Nifty pack, 43 stocks traded the day in the green, while 7 were in the red.
Key Financials For the quarter ended 31-Mar-2024, the company reported consolidated sales of Rs 5395.46 crore, up 3.52 per cent from the previous quarter's Rs 5211.98 crore and up 0.94 per cent from the year-ago quarter. The company reported net profit of Rs 519.5 crore for the latest quarter.
Promoter Holdings Promoters held 51.27 per cent stake in the company as of 31-Mar-2024, while FIIs held 23.05 per cent and MFs 13.44 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 1455.22 on April 22, while the 50-DMA was at Rs 1663.02. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.
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