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​Last year, again, when you look at the numbers, industry grew at roughly about 15-16%, ICICI Lombard grew at about 17%. If you look at quarter one, our retail health numbers grew at almost about 23%. Industry growth was about 18%. And that is a segment that we are very excited with and quite happy with the way how growth has played out.

“In terms of index outperformance and underperformance, there are huge deviations and it is coming on the back of the increased breadth and depth in the market, making for volatility. There will be some winners and losers but 12-15% return expectation should always remain as far as equities are concerned even going by historical standards.”

The smallcap stock has a market capitalisation of Rs 1,560.37 crore. Around 2 lakh shares of the company were trading on the NSE at 10:50 am with the traded value of shares standing at Rs 6.30 crore.

The consolidation in the USD-INR pair, which started around October 2022 is still intact. It was seen bottoming near the 81-81.50 zone and topping near the 82.80-83.25 zone. The major reason behind the sideways move or lower volatility is the RBI’s regular intervention on both sides.

The stock quoted a 52-week high of Rs 54262.3 and a 52-week low of Rs 34968.6.

As all existing F&O contracts in RIL expire today, the only strategy possible in RIL is to take long positions in the cash market. Investors can be rewarded with JFSL if one is able to buy today and hold it at least for a day. Stock exchanges NSE and BSE will conduct a special pre-open session for price discovery in RIL shares from 9 am to 10 am following the demerger.

A total of 100,409 shares changed hands on the counter till 12:36PM (IST).

As of 30-Jun-2023, promoters held 50.53 per cent stake in the company, while FIIs held 20.03 per cent and domestic institutional investors had 7.29 per cent.

“ICICI Lombard has been able to significantly bring down the overall expense of management. It has always been within the threshold that the regulator has laid down. Two-thirds of the market participants are operating at thresholds much higher than the regulatory stipulation.”

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