The current market price of ICICI Lombard General Insurance Company is Rs 1595.
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 72498.74 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 an Ascending triangle pattern resistance line placed at Rs 1610 levels. A successful breakout on volumes will take the stock higher to levels of Rs 1660. RSI is also suggesting bullishness going forward.
Promoter/FII Holdings
Promoters held 51.9 per cent stake in the company as of June 30, 2020, while FIIs held 26.6 per cent, DIIs 10.5 per cent and public and others 11 per cent.
(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
