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    Share price of ICICI Lombard rises as Nifty strengthens

    Synopsis

    A total of 9,114 shares changed hands on the counter till 10:31AM (IST).

    stock-market-124-gettyGetty Images
    Shares of ICICI Lombard General Insurance Company Ltd. gained 1.97 per cent to Rs 1317.45 in Wednesday's trade as of 10:31AM (IST).

    The stock hit a high price of Rs 1322.25 and low of Rs 1288.3 during the session.

    The return on equity (ROE) for the stock stood at 16.55 per cent. Traded volume on the counter stood at 10:31AM shares and turnover at Rs 1.19 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 1369.0 and Rs 1049.1, 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 48.02 per cent stake in the company as of 31-Mar-2023, while FIIs held 22.85 per cent and domestic institutional investors had 17.23 per cent.

    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 previous quarter's Rs 4570.11 crore and up 13.48 per cent from the year-ago quarter's Rs 4799.75 crore.

    Net profit after tax 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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