ETMarkets.comYes Securities has sell call on ICICI Lombard General Insurance Company with a target price of Rs 1130.The current market price of ICICI Lombard General Insurance Company is Rs 1328. Yes Securities recommended to keep stop loss at Rs 1425.
ICICI Lombard General Insurance Company, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 65219.23 Crore) operating in Financial Services sector.
ICICI Lombard General Insurance Company key Products/Revenue Segments include Miscellaneous Insurance, Other Operating Revenue, Fire Insurance and Marine Insurance for the year ending 31-Mar-2023.
Financials
For the quarter ended 30-06-2023, the company has reported a Standalone Total Income of Rs 4723.62 Crore, down -13.27 % from last quarter Total Income of Rs 5446.57 Crore and up 13.84 % from last year same quarter Total Income of Rs 4149.38 Crore. Company has reported net profit after tax of Rs 390.36 Crore in latest quarter.
Investment Rationale
Reversal off pattern retest zone and double bottomsell has resulted in recent corrective trend.
Promoter/FII Holdings
Promoters held 48.01 per cent stake in the company as of 30-Jun-2023, while FIIs owned 22.0 per cent, DIIs 18.1 per cent.
ICICI Lombard General Insurance Company, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 65219.23 Crore) operating in Financial Services sector.
ICICI Lombard General Insurance Company key Products/Revenue Segments include Miscellaneous Insurance, Other Operating Revenue, Fire Insurance and Marine Insurance for the year ending 31-Mar-2023.
Financials
For the quarter ended 30-06-2023, the company has reported a Standalone Total Income of Rs 4723.62 Crore, down -13.27 % from last quarter Total Income of Rs 5446.57 Crore and up 13.84 % from last year same quarter Total Income of Rs 4149.38 Crore. Company has reported net profit after tax of Rs 390.36 Crore in latest quarter.
Investment Rationale
Reversal off pattern retest zone and double bottomsell has resulted in recent corrective trend.
Promoter/FII Holdings
Promoters held 48.01 per cent stake in the company as of 30-Jun-2023, while FIIs owned 22.0 per cent, DIIs 18.1 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
Friday, 18 Aug, 2023Experience Your Economic Times Newspaper, The Digital Way!
- Front Page
- Pure Politics
- Brands & Companies
- Companies & Economy
- More
TAQA Looks to Bet Big on Adani’s Power BizAbu Dhabi National Energy Co. PJSC (TAQA) is looking to double down on India and is evaluating a large exposure in the expansive power businesses of Gautam Adani that span thermal generation to transmission, clean energy and green hydrogen, said people aware of the matter.
Big Guns of D-StRadhakishan Damani, the late Rakesh Jhunjhunwala’s family, Hemendra Kothari, Akash Bhanshali, Mukul Agrawal, Ashish Dhawan and Nemish Shah are among India’s top stock market investors.
Cos Gear Up to Deliver Bumper Festive SeasonEcommerce and logistics companies have stepped up hiring of first- and last-mile delivery personnel ahead of the upcoming festive season, according to top industry officials.
Read More News on
(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)
...moreDownload The Economic Times News App to get Daily Market Updates & Live Business News.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share PricePick the best stocks for yourself
Powered by 
Get Unlimited Access to The Economic Times 
