ICICI Lombard stock price up 1.76 per cent as Sensex climbs

Shares of ICICI Lombard General Insurance Company Ltd. rose 1.76 per cent to Rs 1375.95 at 02:09PM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap down start to the session.

As per data available on BSE, total traded quantity on the counter stood at 34,749 shares with a turnover of Rs 470.0 crore till 02:09PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 38.12, while the price-to-book value ratio stood at 5.03.

Return on equity (ROE) was at 16.55 per cent, according to exchange data. The stock hit an intraday high of Rs 1386.5 and a low of Rs 1316.8 during the session and quoted a 52-week high price of Rs 1386.5 and a 52-week low of Rs 1049.1.

The stock's beta value, which measures its volatility in relation to the broader market, stood at 0.64.

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 1169.06 on July 19, while the 50-DMA was at Rs 1236.14. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 69.2. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 31-Mar-2023, promoters held 48.02 per cent stake in the company, while overseas investors held 22.85 per cent and domestic institutional investors had 17.23 per cent.