ICICI Pru Life shares down 1.51% as Sensex rises
ICICI Prudential Life Insurance Company Ltd. fell 1.51 per cent to Rs 569.25 in Tuesday's session as of 01:37PM (IST) even as the equity benchmark Sensex traded 415.33 points higher at 65620.38. Earlier in the day, the stock witnessed a gap down start to the session.
The stock quoted a 52-week high price of Rs 608.65 and a 52-week low of Rs 380.95 on NSE. Around 37597 shares changed hands on the counter till 01:37PM (IST). The stock opened at Rs 568.6 and has touched an intraday high and low of Rs 578.4 and Rs 568.25 during the session so far.
The scrip quoted a price-to-earnings (PE) ratio of 100.7, earnings per share (EPS) of Rs 5.65 and price to book value (PB) of 6.21, while the return on equity (ROE) stood at Rs 8.06.Promoter/ FII Holding The promoters held 73.35 per cent stake in the company as of July 04, while FII and MF ownerships stood at 15.2 per cent and 4.59 per cent, respectively.Key Financials With a market capitalisation of Rs 81919.45 crore, the company operates in the Insurance — Life industry. For the quarter ended 31-Mar-2023, the company reported consolidated sales of Rs 10767.43 crore, down 38.35 per cent from the previous quarter?s Rs 17466.3 crore and down 17.42 per cent from the same quarter a year ago. The company reported net profit of Rs 235.26 crore for the latest quarter, up 25.89 per cent from the corresponding quarter last year.Technical Indicators The relative strength index (RSI) of the stock stands at 68.52.
The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading
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