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    ICICI Lombard General Insurance Company Ltd. shares rise 0.14 per cent in Monday's trading session

    Synopsis

    The Relative Strength Index of the stock stood at 43.82 on Monday.

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    Shares of ICICI Lombard General Insurance Company Ltd. rose 0.14 per cent to Rs 1438.45 in Monday's trade as of 10:42AM (IST) even as the benchmark Nifty ruled at 14699.15, down 44.85 points.

    The scrip had closed at Rs 1436.45 in the previous session. The stock quoted a 52-week low of Rs 818.55 and a high of Rs 1625.0. The company quoted a market-cap of Rs 65584.37 crore on the BSE.

    On BSE, 663 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 46.54 times its trailing 12-month EPS of Rs 31.01 per share and 8.58 times its book value. The return on equity (ROE) stood at Rs 20.92.

    Key Financials
    For the quarter ended 31-Dec-2020, ICICI Lombard General Insurance Company Ltd. reported consolidated sales of Rs 452.05 crore, down 3.52 per cent from the same quarter a year ago. The company reported 6.6 per cent YoY growth in net profit at Rs 313.53 crore for the latest quarter.

    Technical indicators
    The relative strength index (RSI) of the stock stood at Monday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

    Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.
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