ICICI Lombard shares up 1.44% as Nifty gains
ICICI Lombard General Insurance Company Ltd. rose 1.44 per cent to Rs 1975.45 in Wednesday's trade. It hit an intraday high of Rs 1975.45 and low of Rs 1942.15, respectively, during the day.
The stock quoted a 52-week high price of Rs 2032.0 and low of Rs 1266.0.
As of 10:05AM (IST), the counter saw total traded volume of 1,188 shares with a traded value of Rs 0.24 crore, according to NSE.
The stock had closed at Rs 1947.3 in the previous session.
The scrip has advanced 5.93 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -1.2 per cent during the same period.
According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 46.04 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 30-Jun-2024, while FII and MF ownership in the firm stood at 23.93 per cent and 15.03 per cent, respectively.
Key Financials The company reported consolidated sales of Rs 5604.89 crore for the quarter ended 30-Jun-2024, up 3.88 per cent from the previous quarter's Rs 5395.46 crore and up 18.66 per cent from the year-ago quarter's Rs 4723.62 crore.
