ICICI Lombard shares gain 0.89% as Sensex rises
ICICI Lombard General Insurance Company Ltd. traded 0.89 per cent up at Rs 1493.2 at 12:07PM (IST) on Wednesday, even as BSE benchmark Sensex gained 29.92 points to 70400.47. The stock had settled at Rs 1480.0 in the previous session.
Want to take exposure to a sector which grows much faster than GDP
The stock quoted a 52-week high and 52-week low of Rs 1507.55 and Rs 1049.1, respectively.
As per BSE data, total traded volume on the counter till 12:07PM (IST) stood at 12:07PM shares with turnover at Rs 13.95 crore.
At the current price, shares of the company trades at 40.14 times its trailing 12-month earnings per share of Rs 37.3 per share and 5.03 times its price-to-book value, BSE data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.
The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 0.64.
Shareholding Details Promoters held 47.91 per cent stake in the company as of 31-Dec-2023, while FIIs owned 23.04 per cent and DIIs 17.86 per cent.
