Shares of ICICI Lombard rise as Nifty gains
ICICI Lombard General Insurance Company Ltd. gained 0.41 per cent to Rs 1352.3 in Friday's trade as of 12:38PM (IST). It hit a high of Rs 1381.95 and low of Rs 1346.2 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 2,804 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, up 12.43 per cent in the past one year in comparison with a 12.95 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 04, while the 50-DMA was at Rs 1301.75. 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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