ICICI Lombard shares: Buy ICICI Lombard General Insurance Company, target price Rs 1470: Emkay Global

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Emkay Global has purchase name on with a target price of Rs 1470. The present market price of ICICI Lombard General Insurance Company is Rs 1187.2.
., included within the yr 2000, is a Large Cap firm (having a market cap of Rs 58196.52 Crore) working in Financial Services sector.

ICICI Lombard General Insurance Company Ltd. key Products/Revenue Segments embrace Miscellaneous Insurance, Other Operating Revenue, Fire Insurance and Marine Insurance for the yr ending 31-Mar-2022.

Financials

For the quarter ended 30-06-2022, the corporate reported a Standalone Total Income of Rs 4149.38 Crore, down -13.55 % from final quarter Total Income of Rs 4799.75 Crore and up 21.54 % from final yr similar quarter Total Income of Rs 3414.09 Crore. Company reported web revenue after tax of Rs 349.03 Crore in newest quarter.


Promoter/FII Holdings
Promoters held 48.03 per cent stake within the firm as of 30-Jun-2022, whereas FIIs owned 26.43 per cent, DIIs 13.94 per cent.

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