Shares of ICICI Lombard rise as Nifty gains

economictimes.indiatimes.com:

ICICI Lombard General Insurance Company Ltd. gained 1.0 per cent to Rs 1858.0 in Tuesday's trade as of 11:46AM (IST). It hit a high of Rs 1875.15 and low of Rs 1832.05 during the session.
The stock quoted a 52-week high price of Rs 1877.0 and a low of Rs 1266.0. The return on equity for the stock stood at 15.72 per cent. About 32,428 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 outperformer, up 52.85 per cent in the past one year in comparison with a 28.18 per cent gain in Sensex.
Technicals On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 1266.0 on July 09, while the 50-DMA was at Rs 1701.93. 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 31-Mar-2024. Mutual funds and foreign institutional investors held 13.44 per cent and 23.06 per cent stake.