ICICI Pru Life shares down 1.85% as Nifty drops
ICICI Prudential Life Insurance Company Ltd. traded 1.85 per cent down in Thursday's trade at 12:13PM (IST). Around 10,240 shares changed hands on the counter.
The stock opened at Rs 646.25 and touched an intraday high and low of Rs 653.3 and Rs 640.8, respectively, in the session so far. The stock of ICICI Prudential Life Insurance Company Ltd. quoted a 52-week high of Rs 673.6 and a 52-week low of Rs 463.5.
Total market cap of the ICICI Prudential Life Insurance Company Ltd. stood at Rs 92314.69 crore at the time of writing this report.
Key Financials The company reported consolidated sales of Rs 23025.12 crore for the quarter ended 31-Mar-2024, down 14.24 per cent from previous quarter's Rs 26849.7 crore and down 113.84 per cent from the year-ago quarter's Rs 10767.43 crore.
The net profit for latest quarter stood at Rs 173.67 crore, down 26.18 per cent from the corresponding quarter last year.
Shareholding pattern As of 31-Mar-2024, DIIs held 6.43 per cent stake in the company, while foreign institutional investors held 13.35 per cent and the promoters 73.24 per cent.
Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 108.52 and a price-to-book ratio of 8.0. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
ICICI Prudential Life Insurance
