ICICI Lombard share price: Shares of ICICI Lombard fall as Nifty drops

Shares of General Insurance Company Ltd. slipped 1.27 per cent to Rs 1417.35 in Wednesday’s trade as of 12:24PM (IST). It hit a high of Rs 1443.75 and low of Rs 1409.2 during the session.

The stock quoted a 52-week high price of Rs 1625.0 and a low of Rs 1201.0. The return on equity for the stock stood at 18.15 per cent. About 7,316 shares have changed hands on the counter so far.

The stock’s beta value, which measures its volatility in relation to the broader market, stood at 0.64.

The scrip has been an underperformer, up 5.12 per cent in the past one year in comparison with a 42.77 per cent gain in Sensex.

Technicals

On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 1201.0 on August 11, while the 50-DMA was at Rs 1508.13. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Promoter/FII Holding

Promoters held 51.87 per cent stake in ICICI Lombard General Insurance Company Ltd. as of 30-Jun-2021. Mutual funds and foreign institutional investors held 9.63 per cent and 29.75 per cent stake.

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