ICICI Pru Life shares drop 1.27% as Sensex rises
ICICI Prudential Life Insurance Company Ltd. traded 1.27 per cent lower in Monday's session at 01:52PM (IST).
The stock opened at Rs 590.05 and has touched an intraday high and low of Rs 590.95 and Rs 573.0, respectively, during the session so far. The stock quoted a 52-week high of Rs 615.55 and a 52-week low of 380.95.
About 35,247 shares changed hands on the counter so far. Benchmark Nifty50 was up 103.3 points at 19667.8, while the BSE Sensex traded 345.27 points higher at 66406.17 at the time of writing of this report.
In the Nifty pack, 29 stocks traded the day in the green, while 21 were in the red.Key Financials 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 year-ago quarter. The company reported net profit of Rs 235.26 crore for the latest quarter.Promoter Holdings Promoters held 73.35 per cent stake in the company as of 31-Mar-2023, while FIIs held 15.2 per cent and MFs 4.59 per cent.Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 470.66 on July 17, while the 50-DMA was at Rs 509.83.
If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.
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