ICICI Lombard Shares Jump 1.06% as Nifty Gains Strength

As of 12:27 PM on Monday, ICICI Lombard General Insurance Company Ltd. shares went up by 1.06 percent, reaching Rs 1596.05. During the session, the stock peaked at Rs 1623.0 and hit a low of Rs 1587.3.

Key Metrics

  • The return on equity (ROE) for ICICI Lombard was 15.72 percent.
  • At 12:27 PM, the trading volume was significant, with shares turnover around Rs 0.45 crore.
  • The stock’s 52-week high was Rs 1747.4, and its 52-week low was Rs 1175.0.
  • The stock’s Beta value, which measures volatility compared to the broader market, was 0.64.

Ownership and Financial Performance

  • As of March 31, 2024, promoters held no stake in the company.
  • Foreign investors owned 23.06 percent, and domestic institutional investors held 13.44 percent.

For the quarter ending March 31, 2024:

  • Consolidated sales were Rs 5395.46 crore, a 3.52 percent increase from the previous quarter’s Rs 5211.98 crore.
  • Compared to the same quarter the previous year, sales were up 0.94 percent from Rs 5446.57 crore.
  • Net profit after tax was Rs 519.5 crore, an 18.89 percent rise from the same quarter the previous year.

Technical Analysis

The Moving Average Convergence Divergence (MACD) indicated a bearish trend for the stock. The MACD, used to identify potential trend reversals, is calculated by subtracting the 26-day exponential moving average from the 12-day exponential moving average. A nine-day exponential moving average, known as the signal line, is plotted on top of the MACD to highlight “buy” or “sell” opportunities. When the MACD crosses below the signal line, it suggests a bearish signal, indicating the stock price may decline, and vice versa.

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