ICICI Lombard share price: Buy ICICI Lombard General Insurance Company, target price Rs 1550: ICICI Direct
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ICICI Lombard Typical Insurance policies Enterprise Ltd., integrated in the year 2000, is a Big Cap business (acquiring a marketplace cap of Rs 63101.31 Crore) operating in Economical Solutions sector.
ICICI Lombard Common Coverage Business Ltd. crucial Goods/Profits Segments consist of Miscellaneous Insurance, Interest, Dividend & Hire, Fire Coverage, Cash flow From Sale Of Share & Securities for the calendar year ending 31-Mar-2021.
Financials
For the quarter finished 31-12-2021, the organization described a Standalone Whole Profits of Rs 4019.13 Crore, up .93 % from past quarter Overall Money of Rs 3982.27 Crore and up 25.64 % from past yr same quarter Total Profits of Rs 3198.87 Crore. Business described net financial gain immediately after tax of Rs 317.53 Crore in most recent quarter.
Financial investment Rationale
Muted organization advancement in the previous two decades and greater statements led by Covid, resulted in the new underperformance. Even so, extended time period sustainable growth possibility and industry leadership together with target on electronic adoption supplies a great option to devote.
Promoter/FII Holdings
Promoters held 48.05 per cent stake in the company as of 31-Dec-2021, though FIIs owned 29.4 for every cent, DIIs 12.19 per cent.
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