ICICI Pru Life shares gain 1.83% as Sensex falls
ICICI Prudential Life Insurance Company Ltd. traded 1.83 per cent up at Rs 560.95 at 10:10AM (IST) on Thursday, even as BSE benchmark Sensex dropped 241.61 points to 66660.3.
The stock had settled at Rs 550.85 in the previous session.
The stock quoted a 52-week high and 52-week low of Rs 615.55 and Rs 380.95, respectively.
As per BSE data, total traded volume on the counter till 10:10AM (IST) stood at 10:10AM shares with turnover at Rs 0.61 crore.
At the prevailing price, shares of the company trades at 88.98 times its trailing 12-month earnings per share of Rs 6.3 per share and 6.23 times its price-to-book value, the exchange data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.
The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.14.
Shareholding Details Promoters held 73.29 per cent stake in the company as of 30-Sep-2023, while FIIs owned 15.51 per cent and DIIs 6.37 per cent.
