ICICI Lombard shares gain 0.81% as Sensex falls

Shares of ICICI Lombard General Insurance Company Ltd. traded 0.81 per cent higher in Thursday's session at 11:01AM (IST). The stock opened at Rs 1133.4 and has touched an intraday high and low of Rs 1150.0 and Rs 1127.5, respectively, during the session so far.

The stock quoted a 52-week high of Rs 1547.0 and a 52-week low of 1070.95. About 3,773 shares changed hands on the counter so far.

Benchmark Nifty50 was down 19.5 points at 17492.75, while the BSE Sensex traded 98.93 points lower at 59008.26 at the time of writing of this report.

In the Nifty pack, 27 stocks traded the day in the green, while 22 were in the red.


Key Financials
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 year-ago quarter. The company reported net profit of Rs 590.53 crore for the latest quarter.

Promoter Holdings
Promoters held 48.03 per cent stake in the company as of 30-Jun-2022, while FIIs held 26.43 per cent and MFs 13.48 per cent.

Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 1259.27 on October 20, while the 50-DMA was at Rs 1209.66. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.