ICICI Lombard shares down 4.08% as Nifty drops

ICICI Lombard shares down 4.08% as Nifty drops
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Synopsis

A total of 20,159 shares changed hands on the counter till 12:36PM (IST).

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NEW DELHI: Shares of General Insurance Company Ltd. traded 4.08 per cent down in Monday's trade at 12:36PM (IST). Around 20,159 shares changed hands on the counter.

The stock opened at Rs 1424.0 and touched an intraday high and low of Rs 1424.0 and Rs 1360.25, respectively, in the session so far. Shares of the company of ICICI Lombard General Insurance Company Ltd. quoted a 52-week high of Rs 1625.0 and a 52-week low of Rs 1106.1.

Total market cap of the ICICI Lombard General Insurance Company Ltd. stood at Rs 62148.11 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 452.05 crore for the quarter ended 31-Dec-2020, down 16.47 per cent from previous quarter's Rs 541.19 crore and down 3.52 per cent from the year-ago quarter's Rs 436.69 crore.

The net profit for latest quarter stood at Rs 313.53 crore, up 6.6 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Dec-2020, DIIs held 10.23 per cent stake in the company, while foreign institutional investors held 29.44 per cent and the promoters 51.89 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 44.1 and a price-to-book ratio of 8.58. 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.

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