Share price of ICICI Lombard jumps as Sensex gains 503.51 points
ICICI Lombard General Insurance Company Ltd. gained 1.53 per cent to Rs 1836.65 at 10:20AM (IST) in Wednesday's trade. The stock has hit a high of Rs 1860.65 and low of Rs 1827.45 so far during the session. The stock had closed at Rs 1808.8 in the previous session.
The counter has had a total traded volume of 18314 shares so far with a value of Rs 3.37 crore on the NSE. It traded at a price-to-earnings multiple of 47.07 and a price-to-book ratio of 6.8.
A higher price-to-earnings ratio shows 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 reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 51.1 per cent during the past one year, while the 30-share index advanced 27.66 per cent during the same period.
ICICI Lombard General Insurance Company Ltd. belongs to the Insurance — Non Life industry.
Promotor/FII Holding Promoters held 0.0 per cent stake in the company as of 31-Mar-2024, while FIIs and domestic institutional investors ownership stood at 23.06 per cent and 13.44 per cent, respectively.
Key Financials The firm 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.
Profit for the latest quarter stood at Rs 519.5 crore, up 18.89 per cent from the same
