Share price of ICICI Lombard rises as Nifty strengthens

A total of 2,451 shares changed hands on the counter till 12:13PM (IST).

Shares of . gained 0.12 per cent to Rs 1673.5 in Friday's trade as of 12:13PM (IST). The stock hit a high price of Rs 1679.75 and low of Rs 1663.7 during the session.

The return on equity (ROE) for the stock stood at 16.55 per cent. Traded volume on the counter stood at 12:13PM shares and turnover at Rs 0.41 crore around that time. The stock of . quoted a 52-week high price of Rs 1739.95 and 52-week low prices of Rs 1056.0, respectively.

The stock's Beta value, which measures its volatility in relation to the broader market, stood at 0.64.

Promotor/FII Holding
Promoters held 0.0 per cent stake in the company as of 31-Dec-2023, while FIIs held 23.04 per cent and domestic institutional investors had 15.16 per cent.

Key Financials
The company reported consolidated sales of Rs 5211.98 crore for the quarter ended 31-Dec-2023, down 1.12 per cent from previous quarter's Rs 5271.06 crore and down 14.04 per cent from the year-ago quarter's Rs 4570.11 crore. Net profit after tax for the latest quarter stood at Rs 431.46 crore, up 22.39 per cent from the same quarter a year ago.

Technicals
The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices.
It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.

Source: Stocks-Markets-Economic Times