Share price of ICICI Lombard falls as Sensex drops 165.61 points

Share price of ICICI Lombard falls as Sensex drops 165.61 points
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Synopsis

Promoters held 48.03 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 25.0 per cent and 13.48 per cent, respectively.

Agencies
Mazhar Mohammad of Chartviewindia.in said technical indicators are turning mixed as the weekly MACD chart has generated a 'buy' signal, giving an edge to the bulls.
The share price of . dropped 1.02 per cent to Rs 1149.0 at 12:53PM (IST) in Friday's trade. The scrip has hit a high of Rs 1163.35 and low of Rs 1140.5 so far during the session. The stock had closed at Rs 1160.85 in the previous session.

The counter has had a total traded volume of 6530 shares so far with a value of Rs 0.75 crore on the NSE. It traded at a price-to-earnings multiple of 39.54 and a price-to-book ratio of 6.89.

A higher price-to-earnings 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 25.77 per cent during the past one year, while the 30-share index slipped -2.83 per cent during the same period.

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

Promotor/FII Holding
Promoters held 48.03 per cent stake in the company as of 30-Jun-2022, while overseas investors and domestic institutional investors ownership stood at 25.0 per cent and 13.48 per cent, respectively.

Key Financials
The firm reported consolidated sales of Rs 4149.38 crore for the quarter ended 30-Jun-2022, down 13.55 per cent from the previous quarter's Rs 4799.75 crore and down 21.54 per cent from the year-ago quarter's Rs 3414.09 crore.

Profit for the latest quarter stood at Rs 349.03 crore, up 130.19 per cent from the same quarter a year ago.

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