ICICI Lombard shares gain 1.08% as Sensex falls
ICICI Lombard General Insurance Company Ltd. traded 1.08 per cent higher in Wednesday's session at 11:37AM (IST).
The stock opened at Rs 1364.65 and has touched an intraday high and low of Rs 1381.55 and Rs 1353.25, respectively, during the session so far. The stock quoted a 52-week high of Rs 1422.85 and a 52-week low of 1049.1.
About 8,567 shares changed hands on the counter so far. Benchmark Nifty50 was down 210.0 points at 19523.55, while the BSE Sensex traded 693.73 points lower at 65765.58 at the time of writing of this report.
In the Nifty pack, 5 stocks traded the day in the green, while 45 were in the red.Key Financials For the quarter ended 30-Jun-2023, the company reported consolidated sales of Rs 4723.62 crore, down 13.27 per cent from the previous quarter's Rs 5446.57 crore and down 13.84 per cent from the year-ago quarter. The company reported net profit of Rs 390.36 crore for the latest quarter.Promoter Holdings Promoters held 48.01 per cent stake in the company as of 30-Jun-2023, while FIIs held 22.0 per cent and MFs 15.21 per cent.Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 1180.64 on August 02, while the 50-DMA was at Rs 1291.26.
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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