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    ICICI Lombard shares up 2.01% as Nifty gains

    Synopsis

    A total of 11,102 shares changed hands on the counter till 11:02AM (IST).

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    The Dow Jones Industrial Average finished up 1,048.86 points, or 5.20 per cent, to 21,237.38 on Tuesday. The S&P500 index increased 143.06 points, or 6.00 per cent, to 2,529.19.

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    NEW DELHI: Shares of General Insurance Company Ltd. traded 2.01 per cent up in Friday's trade at 11:02AM (IST). Around 11,102 shares changed hands on the counter.

    The counter opened at Rs 1390.0 and touched an intraday high and low of Rs 1422.4 and Rs 1385.0, 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 1125.45.

    As per BSE, the total market cap of the ICICI Lombard General Insurance Company Ltd. stood at Rs 64341.22 crore at the time of writing this report.

    Key Financials
    The company reported consolidated 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, domestic institutional investors held 10.23 per cent stake in the company, while foreign institutional investors held 28.41 per cent and the promoters 51.89 per cent.


    Valuation ratio
    According to BSE data, the stock traded at a P/E multiple of 45.65 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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