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    Share price of ICICI Lombard jumps as Sensex drops 61.31 points

    Synopsis

    Promoters held 48.03 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 25.0 per cent and 13.48 per cent, respectively.

    marketsAgencies
    India 10-year bond yield rose 0.37 per cent to 6 after trading in 5.99-6.01 range.
    The share price of ICICI Lombard General Insurance Company Ltd. gained 0.34 per cent to Rs 1149.35 at 11:26AM (IST) in Tuesday's trade. The scrip has hit a high of Rs 1162.7 and low of Rs 1147.25 so far during the session. The stock had closed at Rs 1145.4 in the previous session.

    The counter has had a total traded volume of 4644 shares so far with a value of Rs 0.54 crore on the NSE. It traded at a price-to-earnings multiple of 39.6 and a price-to-book ratio of 6.89.

    A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

    The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

    The scrip declined 26.84 per cent during the past one year, while the 30-share index slipped -3.27 per cent during the same period.

    ICICI Lombard General Insurance Company Ltd. belongs to the Insurance - Non Life industry.

    Promotor/FII Holding
    Promoters held 48.03 per cent stake in the company as of 30-Jun-2022, while FIIs and domestic institutional investors ownership stood at 25.0 per cent and 13.48 per cent, respectively.

    Key Financials
    The company reported consolidated sales of Rs 4149.38 crore for the quarter ended 30-Jun-2022, down 13.55 per cent from the previous quarter's Rs 4799.75 crore and down 21.54 per cent from the year-ago quarter's Rs 3414.09 crore.

    Profit for the latest quarter stood at Rs 349.03 crore, up 130.19 per cent from the same quarter a year ago.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

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