ICICI Lombard Share Price: ICICI Lombard share price up 0.6 per cent

Shares of ICICI Lombard General Insurance Company Ltd. traded 0.6 per cent up at Rs 1973.3 at around 01:39PM (IST) on Friday. The stock had closed at Rs 1961.5 in the previous session. Equity benchmark Sensex traded 1230.3 points higher at 81270.1 around the same time. The scrip has climbed 44.23 per cent in the last one year till date, while the 30-share index has gained 21.84 per cent during the same period.

The stock’s 52-week high price stood at Rs 1980.0 and the 52-week low price at Rs 1266.0.

Trading volume on the counter stood at 680,080 shares, while it quoted a price-to-earnings ratio of 46.21, an EPS value of 42.75 and a price-to-book value of 6.8. In the Nifty50 pack, 45 stocks traded in the green, while 5 stocks were in the red.

Promoter/FII Holding
Promoters held 103.62 per cent stake in the company as of 30-Jun-2024, while overseas investor and MF ownership stood at 47.88 per cent and 30.06 per cent, respectively.

Key Financials
For the quarter ended 30-Jun-2024, the company reported consolidated sales of Rs 5604.89 crore, up 3.88 per cent from the previous quarter’s Rs 5395.46 crore and up 18.66 per cent from the year-ago quarter’s Rs 4723.62 crore. The company reported net profit of Rs 580.37 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.