ICICI Lombard shares up 1.35% as Nifty gains

Shares: ICICI Lombard General Insurance Company Limited is a general insurance company in India. It is engaged in general insurance, reinsurance, insurance claims management, and investment management.

Shares of ICICI Lombard General Insurance Company Ltd. rose 1.35 percent to Rs. 1,453.9 in Tuesday’s trade. It hit an intraday high of Rs. 1,454.0 and low of Rs. 1,423.5, respectively, during the day.

While the stock quoted a 52-week high price of Rs. 1,625.0 and low of Rs. 1,126.05. As of 01:43 PM (IST), the counter saw a total traded volume of 3,539 shares with a traded value of Rs. 0.51 crore, according to NSE.

The stock had closed at Rs. 1,434.55 in the previous session. The scrip has advanced 1.35 percent in the past month to date. While the benchmark BSE Sensex has slipped -0.75 percent during the same period.

As per exchange data, the stock traded at a price-to-earnings (P/E) multiple of 44.55. While the price-to-book ratio stood at 8.58. A higher P/E ratio shows that investors are willing to pay a higher price 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 it reflects the price investors are ready to pay even for no growth in a business. The stock belongs to the Insurance – Non-Life industry.

Promoter/FII Holding;

Promoters held a 51.88 percent stake in the company as of 31st-Mar-2021. While FII and MF ownership in the firm stood at 29.08 percent and 9.85 percent, respectively.

Key Financials;

The company reported consolidated sales of Rs. 920.72 crore for the quarter ended 31st-Mar-2021. While up 103.68 percent from the previous quarter’s Rs. 452.05 crore. And up 55.11 percent from the year-ago quarter’s Rs. 593.58 crore. Its net profit for the latest quarter stood at Rs. 345.68 crore. Up 22.61 percent from the same quarter a year ago.