ICICI Lombard shares drop 3.63% as Sensex falls
ICICI Lombard General Insurance Company Limited is a general insurance company in India. Shares of ICICI Lombard General Insurance Company Ltd. traded 3.63 percent lower in Monday’s session.
While the stock opened at Rs. 1420.0 and has touched an intraday high and low of Rs. 1420.0 and Rs. 1335.0, respectively, during the session so far. The stock quoted a 52-week high of Rs. 1625.0 and a 52-week low of 1125.45. About 22,154 shares changed hands on the counter so far.
On the other side, benchmark Nifty50 was down 306.4 points at 14311.45. While the BSE Sensex traded 1030.5 points lower at 47801.53 at the time of writing of this report. In the Nifty pack, 7 stocks traded the day in the green. While 43 were in the red.
For the quarter ended 31-Dec-2020, the company reported consolidated sales of Rs. 452.05 crore, down 16.47 percent from the previous quarter’s Rs. 541.19 crore. And down 3.52 percent from the year-ago quarter. The company reported a net profit of Rs. 313.53 crore for the latest quarter.
Promoters held a 51.89 percent stake in the company as of 31-Dec-2020. While FIIs held 29.44 percent and MFs 10.23 percent.
Moreover, on the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs. 1372.05 on April 19. While the 50-DMA was at Rs. 1452.06. If a stock trades 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. While it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.
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