ICICI Lombard Share Price: ICICI Lombard shares fall 0.01 per cent in Tuesday’s trading session

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Shares of ICICI Lombard General Insurance Company Ltd. fell 0.01 per cent to Rs 1080.1 in Tuesday’s trade as of 01:17PM (IST) even as the benchmark Nifty ruled at 18173.95, up 108.95 points.

The scrip had closed at Rs 1080.25 in the previous session. The stock quoted a 52-week low of Rs 1049.1 and a high of Rs 1369.0. The company quoted a market-cap of Rs 53053.79 crore on the BSE.

On BSE, 8,949 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 30.68 times its trailing 12-month EPS of Rs 35.21 per share and 6.89 times its book value. The return on equity (ROE) stood at Rs 13.42.

Key Financials
For the quarter ended 31-Mar-2023, ICICI Lombard General Insurance Company Ltd. reported consolidated sales of Rs 5446.57 crore, up 13.48 per cent from the same quarter a year ago. The company reported 39.82 per cent YoY growth in net profit at Rs 436.96 crore for the latest quarter.

Technical indicators
The relative strength index (RSI) of the stock stood at Tuesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.



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