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    ICICI Lombard shares up 1.95% as Nifty falls

    Synopsis

    The stock quoted a 52-week high price of Rs 1369.0 and low of Rs 1049.1.

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    India 10-year bond yield fell 0.34 per cent to 6.13 after trading in 6.13-6.16 range.
    Shares of ICICI Lombard General Insurance Company Ltd. rose 1.95 per cent to Rs 1283.95 in Tuesday's trade. It hit an intraday high of Rs 1283.95 and low of Rs 1261.1, respectively, during the day.

    The stock quoted a 52-week high price of Rs 1369.0 and low of Rs 1049.1.

    As of 10:10AM (IST), the counter saw total traded volume of 8,070 shares with a traded value of Rs 1.02 crore, according to NSE.

    The stock had closed at Rs 1259.4 in the previous session.

    The scrip has advanced 19.14 per cent in the past one month till date, while the benchmark BSE Sensex has gained 1.46 per cent during the same period.

    According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 36.31 while price-to-book ratio stood at 5.05. A higher P/E ratio shows that 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 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 0.0 per cent stake in the company as of 31-Mar-2023, while FII and MF ownership in the firm stood at 22.85 per cent and 14.96 per cent, respectively.

    Key Financials
    The company reported consolidated sales of Rs 5446.57 crore for the quarter ended 31-Mar-2023, up 19.18 per cent from the previous quarter's Rs 4570.11 crore and up 13.48 per cent from the year-ago quarter's Rs 4799.75 crore. Its net profit for the latest quarter stood at Rs 436.96 crore, up 39.82 per cent from the same quarter a year ago.
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