Shares of ICICI Lombard fall as Nifty drops
ICICI Lombard General Insurance Company Ltd. slipped 0.77 per cent to Rs 1346.85 in Thursday's trade as of 01:04PM (IST). It hit a high of Rs 1359.0 and low of Rs 1343.35 during the session.
The stock quoted a 52-week high price of Rs 1422.85 and a low of Rs 1049.1. The return on equity for the stock stood at 16.55 per cent. About 4,600 shares have changed hands on the counter so far.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 0.64. The scrip has been an underperformer, down 0.78 per cent in the past one year in comparison with a 9.42 per cent gain in Sensex.Technicals On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 1049.1 on August 17, while the 50-DMA was at Rs 1330.18. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward.
On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.Promoter/FII Holding Promoters held 0.0 per cent stake in ICICI Lombard General Insurance Company Ltd. as of 30-Jun-2023. Mutual funds and foreign institutional investors held 15.21 per cent and 22.0 per cent stake.
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