PRU Financial News

ICICI Prudential Life Insurance Company Ltd. gained 4.07 per cent to Rs 583.0 in Thursday's trade as of 11:26AM (IST). It hit a high of Rs 583.35 and low of Rs 557.3 during the session. The stock quoted a 52-week high price of Rs 615.55 and a low of Rs 401.2. The return on equity for the stock stood at 8.09 per cent. About 22,141 shares have changed hands on the counter so far.

mutual funds in FY24 (April 1, 2023 to till date). Nifty50 was up by 27.05% and S&P BSE Sensex was up by 23.32%. The toppers were from sectoral/thematic funds. Aditya Birla SL PSU Equity Fund, the topper in the list, offered 84.86% in the financial year 2023-24 so far. SBI PSU Fund offered 79.20%.

lump sum money in its mid- and small-cap schemes from March 14, deploying flow curbs a day after Sebi chairperson Madhabi Puri Buch underscored the dangers of potential «froth» or «bubbles» in pockets of the market traditionally favoured by retail investors. Earlier, Nippon, Tata and SBI MFs put restrictions on lump sum investments in their small-cap schemes, as high valuations and strong flows make it challenging for fund managers to deploy money. But ICICI will be the first fund house to restrict lump sum investments in a mid-cap fund. It said in a notice that the fund house will not accept any fresh subscriptions through lump sum mode or switches into both its mid-cap and small-cap funds. However, it will continue to take fresh registrations through systematic investment plans (SIP) and systematic transfer plans (STP) with a limit of ₹2 lakh per PAN level per month per scheme.

ICICI Prudential Mutual Fund is temporarily suspending fresh subscriptions through the lumpsum mode and switches into its Smallcap and Midcap Fund, with effect from March 14. Investors can initiate fresh systematic investment plan (SIP) and/or systematic transfer plan (STP) with a cap of Rs 2,00,000 per month per scheme, the fund house said. However, the ongoing SIP/ STP/Special Product registered prior to the effective date will continue in the midcap and smallcap schemes, it said.

ICICI Prudential Life Insurance Company Ltd. traded at Rs 519.8 on BSE at 11:01AM (IST) on Friday, up 0.29 per cent from previous close. The stock quoted a 52-week low price of Rs 380.95 and a high of Rs 615.55.

ICICI Prudential Life Insurance Company Ltd. gained 1.42 per cent to Rs 522.0 in Tuesday's trade as of 11:16AM (IST). The stock hit a high price of Rs 523.0 and low of Rs 509.9 during the session. The return on equity (ROE) for the stock stood at 8.09 per cent. Traded volume on the counter stood at 11:16AM shares and turnover at Rs 0.53 crore around that time. The stock of ICICI Prudential Life Insurance Company Ltd. quoted a 52-week high price of Rs 615.55 and 52-week low prices of Rs 380.95, respectively.

Manipur University of Culture (MUC), Imphal and Phranakhon Rajabhat University (PRU), Thailand with the key objective to boost relations between the two varsities. The historic deal was inked at the Samantanet Conference Hall of PRU in Bangkok, sources said. Among other points, the two varsities, in the MoU, agreed to co-create duel degrees or joint degrees or another programme, exchange academic staff and students, knowledge and education technology and cultural programmes .

ICICI Prudential Life Insurance has launched ICICI Pru Gold Pension Savings, a tax-efficient pension product that enables customers to make systematic contributions and build the desired retirement corpus to lead financially independent retired lives.

ICICI Prudential Life Insurance has recently introduced a new pension product called ICICI Pru Gold Pension Savings. With the aim of helping individuals build a substantial retirement corpus, this tax efficient product allows customers to make systematic contributions. 

ICICI Prudential Life Insurance recently introduced the ICICI Pru Guaranteed Pension Plan Flexi with “benefit enhancer", the industry's inaugural annuity plan offering customers the flexibility to receive a full premium refund at any point from the date of purchase. This product offers a variety of annuity options. Customers can opt for a single life option, ensuring income for their lifetime, or choose a joint life option.

ICICI Prudential Life Insurance Company tanked over 10% on Thursday to the day's low of Rs 463.45 in Thursday's trade on the NSE as the Street was unimpressed by the company's December quarter earnings which saw a 3% increase in net profit to Rs 227 crore versus Rs 220 crore reported in the year-ago period. Net premium income was up 5% year-on-year (YoY) to Rs 9,928 crore mainly due to growth in first-year premium. Today's action in the stock of ICICI Prudential takes the declining trend to six sessions in a row while extending the price erosion to over 14% during this period. More than one crore shares changed hands on the NSE around 11 am triggering the selling pressure. For the nine months, the annualised premium equivalent, a measure of life insurance business computed as a sum of annualised first-year premium and 10% of single premiums, grew by 1.7% to Rs 5,430 crore. The company saw an increase in expenses, especially commissions, which resulted in the expense management ratio moving up to 18.3% during the quarter from 14.7% a year ago. Commissions paid including rewards and compensation to agents, brokers and intermediaries increased to Rs 1,000 crore during the quarter from Rs 391 crore in the year-ago period. The company's solvency ratio fell to 196% from 212%. Persistency or the number of policies saw some improvement.

net profit to ₹227 crore for the third quarter ended December 2023. The insurer reported a net profit of ₹220 crore in the year-ago period.

ICICI Prudential Life Insurance Company Ltd. gained 0.39 per cent to Rs 522.8 at 12:02PM (IST) in Wednesday's trade. The scrip has hit a high of Rs 525.5 and low of Rs 516.25 so far during the session.

ICICI Prudential Life Insurance Company Ltd. gained 0.1 per cent to Rs 526.55 in Monday's trade. It hit a high of Rs 530.15 and low of Rs 523.0 during the session.

Wipro, LTIMindtree, Bajaj Auto, IndusInd Bank, Bandhan, ZEE Shares of Wipro, LTIMindtree, Bajaj Auto, IndusInd Bank, Bandhan, and ZEE will be in focus as the companies will announce their second quarter results. Bajaj Finance Bajaj Finance reported a 28% year-on-year growth rise in consolidated net profit for the quarter ended September to Rs 3,551 crore, which was in line with estimates. I-Pru Life ICICI Pru Life's standalone net profit for the September quarter rose 23% year-on-year to Rs 244 crore. Hudco The union government has proposed to sell up to 7% in Hudco through an offer for sale (OFS). The floor price for the offer has been fixed at Rs 79 per share. L&T Tech Mid-tier IT company L&T Tech has reported 5% growth in its consolidated net profit at Rs 315 crore for the quarter ended September. Read more: Here's the trade setup for today's session CIE Automotive CIE Automotive's net profit more than doubled to Rs 375 crore in the September quarter. ICICI Bank, Kotak Bank The Reserve Bank has imposed monetary penalties on ICICI Bank and Kotak Bank for non-compliance of regulations. IRCTC Indian Railway Catering and Tourism Corporation Ltd on Tuesday tied up with Zomato for supply and delivery of pre ordered meals, reported Reuters. IDFC The Competition Commission of India (CCI) on Tuesday gave its approval for the merger plan of IDFC with IDFC First Bank. Mazagon Dock Mazagon Dock has signed a contract with the government for construction and delivery of one training ship for the Indian Coast Guard. Zensar Tech Zensar Tech posted net profit of Rs 174 crore for the quarter ended September.

₹244 crore in the quarter ended in September 2023 despite lower income. The company's net profit in the same quarter a year ago stood at ₹199 crore.

ICICI Prudential Life Insurance Company Ltd. traded 0.07 per cent up at Rs 531.5 at around 01:09PM (IST) on Tuesday. The stock had closed at Rs 531.1 in the previous session.

Bajaj Finance, ICICI Pru Life, LTTS, Happiest Minds Shares of Bajaj Finance, ICICI Pru Life, LTTS and Happiest Minds will be in focus as the companies will announce their second quarter results. ICICI Securities ICICI Securities reported revenue growth across various business segments.

ICICI Prudential Life Insurance Company Ltd. slipped 0.95 per cent to Rs 538.6 in Tuesday's trade. It hit a high of Rs 548.45 and low of Rs 530.0 during the session.

ICICI Prudential Life Insurance Company Ltd. slipped 0.04 per cent to Rs 565.3 in Tuesday's trade. It hit a high of Rs 566.55 and low of Rs 560.05 during the session.

₹113 -119 and the bidding for the issue will be open from 25 to 27 September 2023, the company said in a press meet while announcing the IPO. “Some of the key details of the IPO are-the price band ₹113-119 with a bid lot of 126 shares, the total offer size ₹2,800 crore and the entire offering is primary," the company said.