ICICI Lombard shares up 0.64% as Nifty gains
ICICI Lombard General Insurance Company Ltd. rose 0.64 per cent to Rs 1817.8 in Tuesday's trade. It hit an intraday high of Rs 1847.95 and low of Rs 1804.2, respectively, during the day.
The stock quoted a 52-week high price of Rs 1847.95 and low of Rs 1266.0.
As of 11:57AM (IST), the counter saw total traded volume of 8,071 shares with a traded value of Rs 1.47 crore, according to NSE.
The stock had closed at Rs 1806.1 in the previous session.
The scrip has advanced 10.1 per cent in the past one month till date, while the benchmark BSE Sensex has gained 6.76 per cent during the same period.
According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 46.75 while price-to-book ratio stood at 6.8. 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 31-Mar-2024, while FII and MF ownership in the firm stood at 23.06 per cent and 13.44 per cent, respectively.
Key Financials The company reported consolidated sales of Rs 5395.46 crore for the quarter ended 31-Mar-2024, up 3.52 per cent from the previous quarter's Rs 5211.98 crore and up 0.94 per cent from the year-ago quarter's Rs 5446.57 crore. Its
