ICICI Lombard share price: ICICI Lombard shares up 1.35% as Nifty gains

Shares of General Insurance Company Ltd. rose 1.35 per cent to Rs 1453.9 in Tuesday’s trade. It hit an intraday high of Rs 1454.0 and low of Rs 1423.5, respectively, during the day.

The stock quoted a 52-week high price of Rs 1625.0 and low of Rs 1126.05.

As of 01:43PM (IST), the counter saw total traded volume of 3,539 shares with a traded value of Rs 0.51 crore, according to NSE.

The stock had closed at Rs 1434.55 in the previous session.

The scrip has advanced 1.35 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -0.75 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 44.55 while price-to-book ratio stood at 8.58. 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 51.88 per cent stake in the company as of 31-Mar-2021, while FII and MF ownership in the firm stood at 29.08 per cent and 9.85 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 920.72 crore for the quarter ended 31-Mar-2021, 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. Its net profit for the latest quarter stood at Rs 345.68 crore, up 22.61 per cent from the same quarter a year ago.

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