HomeMarketsShare price of ICICI Lombard falls as Sensex drops...

Share price of ICICI Lombard falls as Sensex drops 233.12 points

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Share price of . dropped 1.1 per cent to Rs 1231.05 at 01:24PM (IST) in Thursday’s trade. The scrip hit a high of Rs 1249.45 and low of Rs 1227.65 so far during the session. The stock had closed at Rs 1244.7 in the previous session.

The counter had a total traded volume of 01:24PM shares so far with a turnover of Rs 1.23 crore on BSE. The stock traded at a price-to-earnings multiple of 42.39 and a price-to-book ratio of 6.89.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

ICICI Lombard General Insurance Company Ltd. belongs to the Insurance – Non Life industry.

Promotor/FII Holding

Promoters held 48.03 per cent stake in the company as of 30-Jun-2022, while FIIs and domestic institutional investors ownership stood at 26.43 per cent and 13.94 per cent, respectively.

Key Financials

The firm reported consolidated net sales of Rs 4149.38 crore for the quarter ended 30-Jun-2022, down 13.55 per cent from the previous quarter’s Rs 4799.75 crore and down 21.54 per cent from the year-ago quarter’s Rs 3414.09 crore.

Its profit for the latest quarter stood at Rs 349.03 crore, up 130.19 per cent from the same quarter a year ago.

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