ICICI Lombard share price: ICICI Lombard shares fall 0.61 per cent in Friday’s trading session

Shares of General Insurance Company Ltd. fell 0.61 per cent to Rs 1498.9 in Friday’s trade as of 12:09PM (IST) even as the benchmark Nifty ruled at 15554.55, down 136.85 points.

The scrip had closed at Rs 1508.15 in the previous session. The stock quoted a 52-week low of Rs 1201.0 and a high of Rs 1625.0. The company quoted a market-cap of Rs 68125.53 crore on the BSE.

On BSE, 13,414 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 46.25 times its trailing 12-month EPS of Rs 32.4 per share and 8.58 times its book value. The return on equity (ROE) stood at Rs 20.92.


Key Financials

For the quarter ended 31-Mar-2021, ICICI Lombard General Insurance Company Ltd. reported consolidated sales of Rs 920.72 crore, up 55.11 per cent from the same quarter a year ago. The company reported 22.61 per cent YoY growth in net profit at Rs 345.68 crore for the latest quarter.

Technical indicators

The relative strength index (RSI) of the stock stood at Friday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.

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