Share price of ICICI Lombard  rises  as Nifty  weakens

Share price of ICICI Lombard rises as Nifty weakens

Shares of General Insurance Company Ltd. gained 1.21 per cent to Rs 1431.0 in Monday’s trade as of 10:21AM (IST).

The stock hit a high price of Rs 1436.25 and low of Rs 1390.2 during the session.

The return on equity (ROE) for the stock stood at 20.92 per cent. Traded volume on the counter stood at 10:21AM shares and turnover at Rs 0.43 crore around that time.

The stock of ICICI Lombard General Insurance Company Ltd. quoted a 52-week high and 52-week low prices of Rs 1625.0 and Rs 1126.05, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 0.64.

Promotor/FII Holding

Promoters held 51.88 per cent stake in the company as of 31-Mar-2021, while overseas investors held 29.9 per cent and domestic institutional investors had 11.14 per cent.

Key Financials

The company reported consolidated sales of Rs 920.72 crore for the quarter ended 31-Mar-2021, up 103.68 per cent from previous quarter’s Rs 452.05 crore and up 55.11 per cent from the year-ago quarter’s Rs 593.58 crore.

Net profit after tax for the latest quarter stood at Rs 345.68 crore, up 22.61 per cent from the same quarter a year ago.

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