ICICI Lombard shares up 0.34% as Sensex falls
ICICI Lombard General Insurance Company Ltd. gained 0.34 per cent to Rs 1363.85 in Friday's session as of 11:37AM (IST) even as the equity benchmark Sensex traded 245.16 points lower at 66021.66. Earlier in the day, the stock witnessed a gap down start to the session.
The stock quoted a 52-week high price of Rs 1422.85 and a 52-week low of Rs 1049.1 on NSE. Around 2257 shares changed hands on the counter till 11:37AM (IST). The stock opened at Rs 1357.9 and has touched an intraday high and low of Rs 1366.65 and Rs 1357.0 during the session so far.
The scrip quoted a price-to-earnings (PE) ratio of 37.72, earnings per share (EPS) of Rs 36.04 and price to book value (PB) of 5.03, while the return on equity (ROE) stood at Rs 16.55.Promoter/ FII Holding The promoters held 48.01 per cent stake in the company as of July 28, while FII and MF ownerships stood at 22.0 per cent and 15.21 per cent, respectively.Key Financials With a market capitalisation of Rs 66771.43 crore, the company operates in the Insurance — Non Life industry. 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 same quarter a year ago. The company reported net profit of Rs 390.36 crore for the latest quarter, up 11.84 per cent from the corresponding quarter last year.Technical Indicators The relative strength index (RSI) of the stock stands at 58.25.
The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition 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
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