ICICI Lombard Share Price: ICICI Lombard share price up 3.51 per cent

Shares of General Insurance Company Ltd. traded 3.51 per cent up at Rs 1523.5 at around 10:00AM (IST) on Friday. The stock had closed at Rs 1471.8 in the previous session. Equity benchmark Sensex traded 77.74 points lower at 55871.36 around the same time.

The scrip has climbed 18.72 per cent in the last one year till date, while the 30-share index has gained 45.33 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 1201.0.

Trading volume on the counter stood at 35,952 shares, while it quoted a price-to-earnings ratio of 56.56, an EPS value of 26.98 and a price-to-book value of 8.04. In the Nifty50 pack, 28 stocks traded in the green, while 22 stocks were in the red.

Promoter/FII Holding
Promoters held 51.87 per cent stake in the company as of 30-Jun-2021, while overseas investor and mutual funds’ ownership stood at 30.57 per cent and 9.63 per cent, respectively.

Key Financials
For the quarter ended 30-Jun-2021, the company reported consolidated sales of Rs 200.16 crore, down 78.26 per cent from the previous quarter’s Rs 920.72 crore and down 64.16 per cent from the year-ago quarter’s Rs 558.49 crore. The company reported net profit of Rs 151.63 crore for the latest quarter.

Technical Indicators

The MACD signalled a bullish 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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