Share price of ICICI Lombard falls as Sensex gains 1012.59 points

Share price of ICICI Lombard falls as Sensex gains 1012.59 points
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Synopsis

Promoters held 48.04 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 26.88 per cent and 11.47 per cent, respectively.

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Agarwal said the global economy is showing clear signs of recovery. The second wave of Covid-19 is ebbing in India with total active cases at less than 20 per cent of May highs.
The share price of . dropped 0.5 per cent to Rs 1289.8 at 01:13PM (IST) in Tuesday's trade. The counter has hit a high of Rs 1307.95 and low of Rs 1286.4 so far during the session. The stock had closed at Rs 1296.3 in the previous session.

The counter has had a total traded volume of 3679 shares so far with a value of Rs 0.48 crore on the NSE. It traded at a price-to-earnings multiple of 51.51 and a price-to-book ratio of 6.89.

A higher P/E ratio shows investors are willing to pay a higher price for 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 reflects the price investors are willing to pay even for no growth in the business.

The scrip declined 12.58 per cent during the past one year, while the 30-share index advanced 9.84 per cent during the same period.

ICICI Lombard General Insurance Company Ltd. belongs to the Insurance - Non Life industry.

Promotor/FII Holding
Promoters held 48.04 per cent stake in the company as of 31-Mar-2022, while foreign investors and domestic institutional investors ownership stood at 26.88 per cent and 11.47 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 4799.75 crore for the quarter ended 31-Mar-2022, up 19.42 per cent from the previous quarter's Rs 4019.13 crore and up 32.29 per cent from the year-ago quarter's Rs 3628.23 crore.

Profit for the latest quarter stood at Rs 312.51 crore, down 9.6 per cent from the same quarter a year ago.

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