ICICI Lombard General Insurance Company’s share price is expected to continue its upward trend tomorrow, with a target of 2,139.73 on the upside. The stock is currently trading at 2,119.95, down 0.47% from the previous close.
Main Points
AI Predicts Strengthening Uptrend
According to AI predictions, ICICI Lombard’s share price movement appears to be in an uptrend, but the trend seems to be weakening. The price is currently above an important level of 1,733.49 on the charts, and as long as it remains above this level, the uptrend of the stock might continue.
Analysts are bullish on ICICI Lombard, with a consensus target of 2,127.33, representing an upside of 0.23% from the last price of 2,122. The stock has an average target of 2,011.40 INR, with a max estimate of 2,600.00 INR and a min estimate of 1,291.00 INR.
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ICICI Lombard has delivered strong financial performance, with a 19.32% year-on-year increase in standalone net sales to Rs 5,601.35 crore in the June 2024 quarter. The company’s Q1 PAT jumped 49% to Rs 580 crore.
Valuation and Peer Comparison
ICICI Lombard is considered a strong performer stock with good financial performance alongside a good to expensive valuation. The company’s market cap stands at Rs 1,06,859.75 crore.
Dividend History
The last interim dividend that ICICI Lombard gave was at Rs. 4.5/share and was issued in October 2022. The last final dividend was issued at Rs. 5.00/share and was issued in July 2022.
To buy ICICI Lombard shares, you need to open a demat account with a reputed broker like Motilal Oswal. You will also have to open a linked trading account. After placing a buy order with your broker, your shares will be bought and placed in your demat account.
To sell ICICI Lombard stocks, you need to sign up with a reputed broker like Motilal Oswal. You have to open a demat account and store your shares in this account. The demat account is linked with a trading account, and upon a request to sell shares, your broker will do the needful. The proceeds of the sale will be deposited in your linked bank account.
In the last year, the stock of ICICI Lombard has given returns in the negative at -16.69%, with YTD returns at -13.58% (18 April 2023). The trading volume of ICICI Lombard stocks is 9,03,000.
Disclaimer: The information given in this article is from investment experts and brokerage companies, they do not represent Local Haryana. Before taking any investment related decision, you must consult a certified expert.
