Share price of ICICI Lombard jumps as Sensex drops 202.51 points

Share price of ICICI Lombard jumps as Sensex drops 202.51 points
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Synopsis

Promoters held 0.0 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 24.07 per cent and 13.73 per cent, respectively.

Stock-market-4---istockAgencies
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 . gained 0.11 per cent to Rs 1278.9 at 11:48AM (IST) in Friday's trade. The scrip has hit a high of Rs 1289.0 and low of Rs 1270.0 so far during the session. The stock had closed at Rs 1277.55 in the previous session.

The counter has had a total traded volume of 6207 shares so far with a value of Rs 0.79 crore on the NSE. It traded at a price-to-earnings multiple of 39.99 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 11.69 per cent during the past one year, while the 30-share index advanced 6.8 per cent during the same period.

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

Promotor/FII Holding
Promoters held 0.0 per cent stake in the company as of 30-Jun-2022, while FIIs and domestic institutional investors ownership stood at 24.07 per cent and 13.73 per cent, respectively.

Key Financials
The firm reported consolidated sales of Rs 4704.51 crore for the quarter ended 30-Sep-2022, up 13.38 per cent from the previous quarter's Rs 4149.38 crore and up 18.14 per cent from the year-ago quarter's Rs 3982.27 crore.

Profit for the latest quarter stood at Rs 590.53 crore, up 32.21 per cent from the same quarter a year ago.
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