Time period given by analyst is Intra Day when ICICI Lombard General Insurance Company Ltd. price can reach defined target.
ICICI Lombard General Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 80346.76 Crore) operating in Financial Services sector.
Financials
For the quarter ended 30-06-2021, the company reported a Standalone Total Income of Rs 200.16 Crore, down -78.26 % from last quarter Total Income of Rs 920.72 Crore and down -64.16 % from last year same quarter Total Income of Rs 558.49 Crore. Company reported net profit after tax of Rs 151.63 Crore in latest quarter.
Investment Rationale
The stock is on the verge of a breakout from a narrow consolidation phase. Further, strong volume build up in the runup before consolidation phase suggests that the breakout should follow. Technical indicator RSI turning upwards from the 60-level is suggesting a breakout is on cards.
Promoter/FII Holdings
Promoters held 51.9 per cent stake in the company as of Dec 30, 2020, while FIIs held 28.7 per cent, DIIs 12 per cent and public and others 7.4 per cent.
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