ICICI Lombard Stock Price: ICICI Lombard share price up 1.11 per cent

Shares of General Insurance Company Ltd. traded 1.11 per cent up at Rs 1377.3 at around 12:19PM (IST) on Tuesday. The stock had closed at Rs 1362.15 in the previous session. Equity benchmark Sensex traded 44.83 points higher at 47994.25 around the same time.

The scrip has climbed 15.67 per cent in the last one year till date, while the 30-share index has gained 73.94 per cent during the same period.

The stock’s 52-week high price stood at Rs 1625.0 and the 52-week low price at Rs 1125.45.

Trading volume on the counter stood at 9,276 shares, while it quoted a price-to-earnings ratio of 42.31, an EPS value of 32.41 and a price-to-book value of 8.58. In the Nifty50 pack, 34 stocks traded in the green, while 16 stocks were in the red.

Promoter/FII Holding
Promoters held 51.89 per cent stake in the company as of 31-Dec-2020, while overseas investor and mutual funds’ ownership stood at 29.44 per cent and 10.23 per cent, respectively.

Key Financials
For the quarter ended 31-Mar-2021, the company reported consolidated sales of Rs 920.72 crore, up 103.68 per cent from the previous quarter’s Rs 452.05 crore and up 55.11 per cent from the year-ago quarter’s Rs 593.58 crore. The company reported net profit of Rs 345.68 crore for the latest quarter.

Technical Indicators

The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.

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