ICICI Lombard shares down 0.59% as Nifty gains

NEW DELHI: Shares of ICICI Lombard General Insurance Company Ltd. traded 0.59 per cent down in Thursday's trade at 12:12PM (IST). Around 3,683 shares changed hands on the counter.

The stock opened at Rs 2135.35 and touched an intraday high and low of Rs 2157.65 and Rs 2111.5, respectively, in the session so far. The stock of ICICI Lombard General Insurance Company Ltd. quoted a 52-week high of Rs 2284.15 and a 52-week low of Rs 1266.0.

Total market cap of the ICICI Lombard General Insurance Company Ltd. stood at Rs 104476.75 crore at the time of writing this report.


Key Financials
The company reported consolidated sales of Rs 5604.89 crore for the quarter ended 30-Jun-2024, up 3.88 per cent from previous quarter's Rs 5395.46 crore and up 18.66 per cent from the year-ago quarter's Rs 4723.62 crore.

The net profit for latest quarter stood at Rs 580.37 crore, up 48.68 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Jun-2024, DIIs held 15.03 per cent stake in the firm, while foreign institutional investors held 23.94 per cent and the promoters 51.81 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 49.55 and a price-to-book ratio of 6.8. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

ICICI Lombard General Insurance Company Ltd. belongs to the Insurance - Non Life industry.