ICICI Lombard share price: Buy ICICI Lombard General Insurance Company, target price Rs 1550: ICICI Direct

ByAnn Erika

Apr 7, 2022 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

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ICICI Immediate has get get in touch with on ICICI Lombard Typical Insurance policy Organization with a concentrate on selling price of Rs 1550. The current sector selling price of ICICI Lombard Common Insurance policy Firm Ltd. is Rs 1288.05. Time period given by analyst is a person calendar year when ICICI Lombard Standard Insurance coverage Firm Ltd. price tag can access described concentrate on.



ICICI Lombard Normal Coverage Organization Ltd., incorporated in the calendar year 2000, is a Large Cap business (getting a market place cap of Rs 63101.31 Crore) running in Money Companies sector.

ICICI Lombard Basic Insurance coverage Enterprise Ltd. vital Goods/Profits Segments incorporate Miscellaneous Insurance policies, Interest, Dividend & Rent, Hearth Insurance, Earnings From Sale Of Share & Securities for the calendar year ending 31-Mar-2021.

Financials

For the quarter finished 31-12-2021, the business noted a Standalone Full Profits of Rs 4019.13 Crore, up .93 % from very last quarter Full Money of Rs 3982.27 Crore and up 25.64 % from very last calendar year exact same quarter Full Money of Rs 3198.87 Crore. Corporation described web income soon after tax of Rs 317.53 Crore in hottest quarter.

Investment Rationale
Muted small business development in the previous two decades and increased promises led by Covid, resulted in the new underperformance. Even so, extended expression sustainable progress opportunity and market place management along with concentrate on electronic adoption gives a very good chance to commit.


Promoter/FII Holdings
Promoters held 48.05 for every cent stake in the business as of 31-Dec-2021, when FIIs owned 29.4 for each cent, DIIs 12.19 per cent.

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