Monday, April 28
ICICI Lombard General Insurance Company on Friday reported a consolidated net profit growth of 68% for the quarter ended December 31, 2024. The profit after tax (PAT) stood at Rs 724.38 crore versus Rs 431.46 crore reported in the year-ago period. The total income from operations in Q3FY25 stood at Rs 5,883 crore, witnessing a 17% gain over Rs 5,004 crore posted in the year-ago period. On a sequential basis, the bottom line witnessed a growth of 4.4% versus Rs 694 crore reported in Q2FY25. The topline growth on QoQ basis was at 0.55% over Rs 5,004 crore reported in the July-September quarter.The gross direct premium income (GDPI) of the company was reported at Rs 6,214 crore in Q3FY2025 as against Rs 6,230 crore in Q3 FY2024, which was a de-growth of 0.3%, as against the industry growth of
Nifty on the weekly chart formed a small bullish candle with minor upper and lower shadows on Friday. Technically, this weekly market action signals the formation of a Doji candle pattern. Normally a Doji pattern after a reasonable weakness could be an impending reversal signal post-confirmation.The short-term trend of the Nifty remains weak amidst range movement. A decisive upside above 23,400 could only open renewed buying enthusiasm in the market. Immediate support is placed at 23,100, said Nagaraj Shetti of HDFC Securities.According to the open interest (OI) data, the highest OI on the call side was observed at 23,300 and 23,500 strike prices, while on the put side, the highest OI was at 23,200 strike price followed by 23,000.What should traders do? Here’s what analysts said:Jatin Ge
