Shares of ICICI Lombard rise as Nifty gains
On the technical charts, the 200-day moving average of the stock stood at Rs 1464.39.
Shares of . gained 0.15 per cent to Rs 1694.15 in Monday's trade as of 01:13PM (IST). It hit a high of Rs 1698.45 and low of Rs 1674.05 during the session.The stock quoted a 52-week high price of Rs 1747.4 and a low of Rs 1058.85. The return on equity for the stock stood at 16.55 per cent. About 1,614 shares have changed hands on the counter so far.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 0.64.
The scrip has been an outperformer, up 56.83 per cent in the past one year in comparison with a 24.41 per cent gain in .
Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 1058.85 on April 29, while the 50-DMA was at Rs 1670.13. If a stock trades well 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 a bearish trend and if trades between these averages, then it suggests the stock can go either way.
Promoter/FII Holding
Promoters held 0.0 per cent stake in . as of 31-Mar-2024. Mutual funds and foreign institutional investors held 13.44 per cent and 23.06 per cent stake.
Source: Stocks-Markets-Economic Times
