The time period given by the analyst is Intra Day when the price of ICICI Lombard General Insurance Company Ltd. can achieve the set goal.
ICICI Lombard General Insurance Company Ltd., incorporated in 2000, is a large capitalization company (having a market capitalization of Rs 56183.90 Crore) operating in the financial services industry.
The main products / revenue segments of ICICI Lombard General Insurance Company Ltd. include miscellaneous insurance, interest, dividends and rents, fire insurance, income from the sale of shares and securities for the year ending March 31, 2021.
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For the quarter ended 31-03-2022, the company reported total standalone revenue of Rs 4799.75 Crore, up 19.42% from last quarter, total revenue of Rs 4019.13 Crore and in up 32.29% from the same quarter last year, total revenue of Rs 3628.23 Crore. The company reported net profit after tax of Rs 312.51 Crore last quarter.
The stock has formed a bullish hammer on the daily frame. Outer-inner pattern seen on the Bollinger Band.
The promoters held 48.04% of the company’s capital as of March 31, 2022, while the FIIs held 28.33% and the DIIs 12.29%.
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