ICICI Lombard shares up 0.44% as Nifty gains
ICICI Lombard General Insurance Company Ltd. rose 0.44 per cent to Rs 1355.55 in Friday's trade.
It hit an intraday high of Rs 1364.35 and low of Rs 1349.65, respectively, during the day.
The stock quoted a 52-week high price of Rs 1422.85 and low of Rs 1049.1.
As of 12:07PM (IST), the counter saw total traded volume of 1,998 shares with a traded value of Rs 0.27 crore, according to NSE.
The stock had closed at Rs 1349.6 in the previous session.
The scrip has declined -4.24 per cent in the past one month till date, while the benchmark BSE Sensex has gained 1.31 per cent during the same period.
According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 37.67 while price-to-book ratio stood at 5.03. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.
The stock belongs to the Insurance — Non Life industry.
Promoter/FII Holding Promoters held 0.0 per cent stake in the company as of 30-Jun-2023, while FII and MF ownership in the firm stood at 22.0 per cent and 15.21 per cent, respectively.
Key Financials The company reported consolidated sales of Rs 4723.62 crore for the quarter ended 30-Jun-2023, 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's Rs 4149.38 crore. Its net profit for the latest quarter stood at Rs 390.36 crore, up 11.84 per cent from the same quarter a year ago.
