ICICI Lombard shares down 0.79% as Nifty drops

ICICI Lombard shares down 0.79% as Nifty drops
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Synopsis

A total of 2,944 shares changed hands on the counter till 01:54PM (IST).

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NEW DELHI: Shares of General Insurance Company Ltd. traded 0.79 per cent down in Friday's trade at 01:54PM (IST). Around 2,944 shares changed hands on the counter.

The scrip opened at Rs 1415.0 and touched an intraday high and low of Rs 1418.75 and Rs 1400.45, respectively, in the session so far. The stock of ICICI Lombard General Insurance Company Ltd. quoted a 52-week high of Rs 1625.0 and a 52-week low of Rs 1126.05.

As per BSE, the total market cap of the ICICI Lombard General Insurance Company Ltd. stood at Rs 64193.29 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 920.72 crore for the quarter ended 31-Mar-2021, up 103.68 per cent from previous quarter's Rs 452.05 crore and up 55.11 per cent from the year-ago quarter's Rs 593.58 crore.

The net profit for latest quarter stood at Rs 345.68 crore, up 22.61 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2021, domestic institutional investors held 9.85 per cent stake in the company, while foreign institutional investors held 29.08 per cent and the promoters 51.88 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 43.58 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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