ICICI Lombard shares rise 0.76 per cent in Thursday's trading session
ICICI Lombard General Insurance Company Ltd. rose 0.76 per cent to Rs 1367.25 in Thursday's trade as of 12:32PM (IST) even as the benchmark Nifty ruled at 19087.55, up 98.4 points.
The scrip had closed at Rs 1356.9 in the previous session.
The stock quoted a 52-week low of Rs 1049.1 and a high of Rs 1422.85. The company quoted a market-cap of Rs 67204.39 crore on the BSE.
On BSE, 14,551 shares have changed hands on the counter so far.
At its prevailing price, the stock traded at 38.25 times its trailing 12-month EPS of Rs 35.76 per share and 5.03 times its book value. The return on equity (ROE) stood at Rs 16.55.
Key Financials For the quarter ended 30-Sep-2023, ICICI Lombard General Insurance Company Ltd.
reported consolidated sales of Rs 5271.06 crore, up 12.04 per cent from the same quarter a year ago. The company reported 2.25 per cent YoY de-growth in net profit at Rs 577.27 crore for the latest quarter.
Technical indicators The relative strength index (RSI) of the stock stood at Thursday.
The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.
Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a «buy» or «sell» recommendation using a single valuation ratio.
