Share price of ICICI Lombard falls as Sensex drops 119.56 points

Promoters held 0.0 per cent stake in the company as of 30-Jun-2023, while FII and DII ownership stood at 22.0 per cent and 15.21 per cent, respectively.

Agencies
Mazhar Mohammad of Chartviewindia.in said technical indicators are turning mixed as the weekly MACD chart has generated a 'buy' signal, giving an edge to the bulls.
The share price of ICICI Lombard General Insurance Company Ltd. dropped 1.33 per cent to Rs 1363.5 at 12:38PM (IST) in Tuesday's trade. The counter has hit a high of Rs 1389.9 and low of Rs 1356.7 so far during the session. The stock had closed at Rs 1381.8 in the previous session.

The counter has had a total traded volume of 4940 shares so far with a value of Rs 6774.0 crore on the NSE. It traded at a price-to-earnings multiple of 37.77 and a price-to-book ratio of 5.03.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.


The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 10.81 per cent during the past one year, while the 30-share index advanced 15.35 per cent during the same period.

ICICI Lombard General Insurance Company Ltd. belongs to the Insurance - Non Life industry.
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Promotor/FII Holding
Promoters held 0.0 per cent stake in the company as of 30-Jun-2023, while foreign investors and domestic institutional investors ownership stood at 22.0 per cent and 15.21 per cent, respectively.

Key Financials
The firm reported consolidated sales of Rs 4723.62 crore for the quarter ended 30-Jun-2023, down 13.27 per cent from the previous quarter's Rs 5446.57 crore and down 13.84 per cent from the year-ago quarter's Rs 4149.38 crore.

Profit for the latest quarter stood at Rs 390.36 crore, up 11.84 per cent from the same quarter a year ago.
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