ICICI Lombard shares up 1.39% as Sensex falls
ICICI Lombard General Insurance Company Ltd. gained 1.39 per cent to Rs 1495.0 in Tuesday's session as of 11:11AM (IST) even as the equity benchmark Sensex traded 28.43 points lower at 71395.22.
Want to take exposure to a sector which grows much faster than GDP
Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 1502.5 and a 52-week low of Rs 1049.1 on NSE. Around 22272 shares changed hands on the counter till 11:11AM (IST).
The stock opened at Rs 1461.05 and has touched an intraday high and low of Rs 1499.9 and Rs 1461.05 during the session so far. The scrip quoted a price-to-earnings (PE) ratio of 39.98, earnings per share (EPS) of Rs 37.3 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 47.91 per cent stake in the company as of January 23, while FII and MF ownerships stood at 23.04 per cent and 15.16 per cent, respectively.
Key Financials With a market capitalisation of Rs 73402.08 crore, the company operates in the Insurance — Non Life industry. For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 5211.98 crore, down 1.12 per cent from the previous quarter?s Rs 5271.06 crore and down 14.04 per cent from the same quarter a year ago. The company reported net profit of Rs 431.46 crore for the latest quarter, up 22.39 per cent from the corresponding quarter last year.
Technical Indicators The relative strength index (RSI) of the stock stands at 64.89. 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
