Sun. Jul 21st, 2024

NEW DELHI: Shares of ICICI Lombard General Insurance Company Ltd. traded 0.5 per cent down in Friday’s trade at 01:24PM (IST). Around 2,543 shares changed hands on the counter.

The counter opened at Rs 1451.3 and touched an intraday high and low of Rs 1452.05 and Rs 1440.5, respectively, in the session so far. Shares of the company of ICICI Lombard General Insurance Company Ltd. quoted a 52-week high of Rs 1491.95 and a 52-week low of Rs 1049.1.

As per BSE, the total market cap of the ICICI Lombard General Insurance Company Ltd. stood at Rs 70882.41 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 5271.06 crore for the quarter ended 30-Sep-2023, up 11.59 per cent from previous quarter’s Rs 4723.62 crore and up 12.04 per cent from the year-ago quarter’s Rs 4704.51 crore.

The net profit for latest quarter stood at Rs 577.27 crore, down 2.25 per cent from the same quarter a year ago.

Shareholding pattern
As of 30-Sep-2023, DIIs held 15.54 per cent stake in the firm, while foreign institutional investors held 22.37 per cent and the promoters 0.0 per cent.
Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 40.34 and a price-to-book ratio of 5.03. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.

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