ICICI Lombard Shares: ICICI Lombard shares rose 0.71% on Wednesday’s trading session.
In the previous session, the stock had closed at Rs 1416.15. The stock hit a 52-week low of Rs 1,049.1 and a 52-week high of Rs 1,491.95. The company quoted a market capitalization of Rs 69,914.38 crore on the BSE.
So far, 3,521 shares of the stock have been traded on BSE. At its current price, the stock is trading at 39.79 times its trailing 12-month EPS (Rs 35.76 per share) and 5.03 times its book value. Return on equity (ROE) was recorded at 16.55 rupees.
main financial
For the quarter ended September 30, 2023, ICICI Lombard General Insurance Company Ltd. reported consolidated revenue of Rs 5271.06 crore, up 12.04% year-on-year. The company reported net profit of Rs 577.27 crore during the latest quarter, down 2.25% year-on-year.
technical indicators
The relative strength index (RSI) for stocks was released on Wednesday. RSI oscillates between 0 and 100. Traditionally, an RSI value above 70 is considered overbought, and an RSI below 30 is considered oversold.
Analysts say that the RSI indicator should not be viewed in isolation, just as fundamental analysts cannot provide “buy” or “sell” recommendations using a single rating ratio. Just getting a trading call may not be enough.
