ICICI Lombard shares up 0.54% as Sensex rises

Shares of ICICI Lombard General Insurance Company Ltd. gained 0.54 per cent to Rs 1217.15 in Thursday's session as of 12:33PM (IST) even as the equity benchmark Sensex traded 319.93 points higher at 63419.58.

Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 1485.95 and a 52-week low of Rs 1070.95 on NSE. Around 6080 shares changed hands on the counter till 12:33PM (IST).

The stock opened at Rs 1217.95 and has touched an intraday high and low of Rs 1219.2 and Rs 1205.05 during the session so far. The stock quoted a price-to-earnings (PE) ratio of 38.11, earnings per share (EPS) of Rs 31.97 and price to book value (PB) of 6.89, while the return on equity (ROE) stood at Rs 13.42.

Promoter/ FII Holding
The promoters held 48.03 per cent stake in the company as of December 01, while FII and MF ownerships stood at 26.43 per cent and 13.48 per cent, respectively.

Key Financials
With a market capitalisation of Rs 59812.0 crore, the company operates in the Insurance - Non Life industry. For the quarter ended 30-Sep-2022, the company reported consolidated sales of Rs 4704.51 crore, up 13.38 per cent from the previous quarter?s Rs 4149.38 crore and up 18.14 per cent from the same quarter a year ago. The company reported net profit of Rs 590.53 crore for the latest quarter, up 32.21 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 69.93. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition 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.