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ICICI Lombard Shares Fall as Sensex Down 165.61 Points

ICICI Lombard's Return on Average Equity (ROAE) increased to 24.5 per cent in Q2FY23.

Shares of ICICI Lombard General Insurance Company Ltd were down 1.02% at Rs 1,149.0 at 12:53 pm on Friday. So far, the stock has hit an intraday high of Rs 1,163.35 and a low of Rs 1,140.5. The stock closed at Rs 1,160.85 in the previous session.


The counter’s total trading volume on the NSE was 6,530 shares worth Rs 0.75 crore. It trades at a price-to-earnings ratio of 39.54 and a price-to-book ratio of 6.89.


A higher P/E ratio suggests that investors are willing to pay a higher price per rupee gain given by the stock due to better future growth expectations.


The price-to-book ratio reflects a company’s intrinsic value and the price investors are willing to pay even if the business is not growing.


The stock has lost 25.77% over the past year, while the 30-stock index has lost -2.83% over the same period. ICICI Lombard General Insurance Company Ltd is part of the insurance non-life industry.

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