Share price of ICICI Lombard rises as Nifty weakens

Share price of ICICI Lombard rises as Nifty weakens
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Synopsis

A total of 7,909 shares changed hands on the counter till 11:57AM (IST).

Reuters
On an immediate basis, 15,770/52,500 and 15,850/52,700 levels would be major hurdles.
Shares of ICICI Lombard General Insurance Company Ltd. gained 0.83 per cent to Rs 1339.9 in Thursday's trade as of 11:57AM (IST).

The stock hit a high price of Rs 1345.75 and low of Rs 1327.75 during the session.

The return on equity (ROE) for the stock stood at 18.15 per cent. Traded volume on the counter stood at 11:57AM shares and turnover at Rs 1.05 crore around that time.

The stock of ICICI Lombard General Insurance Company Ltd. quoted a 52-week high and 52-week low prices of Rs 1674.0 and Rs 1192.0, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 0.64.

Promotor/FII Holding
Promoters held 48.05 per cent stake in the company as of 31-Dec-2021, while foreign investors held 29.4 per cent and domestic institutional investors had 12.19 per cent.

Key Financials
The company reported consolidated sales of Rs 4019.13 crore for the quarter ended 31-Dec-2021, up 0.93 per cent from previous quarter's Rs 3982.27 crore and up 25.64 per cent from the year-ago quarter's Rs 3198.87 crore.

Net profit after tax for the latest quarter stood at Rs 317.53 crore, up 1.28 per cent from the same quarter a year ago.

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