Buy ICICI Lombard General Insurance Company, target price Rs 1550: ICICI Direct

ICICI Direct has buy call on ICICI Lombard General Insurance Company with a target price of Rs 1550. The current market price of ICICI Lombard General Insurance Company is Rs 1153.95.

Time period given by analyst is one year when ICICI Lombard General Insurance Company Ltd. price can reach defined target.

ICICI Lombard General Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 57149.58 Crore) operating in Financial Services sector.


ICICI Lombard General Insurance Company Ltd. key Products/Revenue Segments include Miscellaneous Insurance, Interest, Dividend & Rent, Fire Insurance, Income From Sale Of Share & Securities for the year ending 31-Mar-2021.


Financials
For the quarter ended 31-03-2022, the company has reported a Standalone Total Income of Rs 4799.75 Crore, up 19.42 % from last quarter Total Income of Rs 4019.13 Crore and up 32.29 % from last year same quarter Total Income of Rs 3628.23 Crore. Company has reported net profit after tax of Rs 312.51 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 48.04 per cent stake in the company as of 31-Mar-2022, while FIIs owned 28.33 per cent, DIIs 12.29 per cent.