ICICI Lombard shares gain 1.26% as Sensex rises
ICICI Lombard General Insurance Company Ltd. traded 1.26 per cent higher in Monday's session at 11:11AM (IST). The stock opened at Rs 1881.0 and has touched an intraday high and low of Rs 1913.25 and Rs 1859.75, respectively, during the session so far.
The stock quoted a 52-week high of Rs 1915.85 and a 52-week low of 1266.0. About 14,873 shares changed hands on the counter so far.
Benchmark Nifty50 was up 20.8 points at 24551.7, while the BSE Sensex traded 21.92 points higher at 80626.57 at the time of writing of this report.
In the Nifty pack, 33 stocks traded the day in the green, while 17 were in the red.
Key Financials For the quarter ended 30-Jun-2024, the company reported consolidated sales of Rs 5604.89 crore, up 3.88 per cent from the previous quarter's Rs 5395.46 crore and up 18.66 per cent from the year-ago quarter. The company reported net profit of Rs 580.37 crore for the latest quarter.
Promoter Holdings Promoters held 51.81 per cent stake in the company as of 30-Jun-2024, while FIIs held 23.94 per cent and MFs 15.03 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 1571.04 on July 22, while the 50-DMA was at Rs 1732.73. 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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