ICICI Lombard shares up 0.08% as Nifty gains
ICICI Lombard General Insurance Company Ltd. traded 0.08 per cent up in Tuesday's trade at 01:19PM (IST). Around 9,288 shares changed hands on the counter.
The scrip opened at Rs 1470.8 and touched an intraday high and low of Rs 1486.6 and Rs 1454.0, respectively, in the session so far. The stock of ICICI Lombard General Insurance Company Ltd. quoted a 52-week high of Rs 1491.95 and a 52-week low of Rs 1049.1.
As per BSE, the total market cap of the ICICI Lombard General Insurance Company Ltd. stood at Rs 72194.41 crore at the time of writing this report.
Key Financials The company reported consolidated sales of Rs 5271.06 crore for the quarter ended 30-Sep-2023, up 11.59 per cent from previous quarter's Rs 4723.62 crore and up 12.04 per cent from the year-ago quarter's Rs 4704.51 crore.
The net profit for latest quarter stood at Rs 577.27 crore, down 2.25 per cent from the same quarter a year ago.
Shareholding pattern As of 30-Sep-2023, DIIs held 15.54 per cent stake in the firm, while foreign institutional investors held 22.37 per cent and the promoters 0.0 per cent.
Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 41.09 and a price-to-book ratio of 5.03.
A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.
ICICI Lombard General Insurance Company Ltd.
