ICICI Pru Life shares up 0.39% as Sensex rises
ICICI Prudential Life Insurance Company Ltd. gained 0.39 per cent to Rs 521.25 in Tuesday's session as of 12:02PM (IST) even as the equity benchmark Sensex traded 310.19 points higher at 71417.15.
Earlier in the day, the stock witnessed a gap up start to the session.
The stock quoted a 52-week high price of Rs 615.55 and a 52-week low of Rs 380.95 on NSE. Around 16831 shares changed hands on the counter till 12:02PM (IST).
The stock opened at Rs 521.25 and has touched an intraday high and low of Rs 522.8 and Rs 517.05 during the session so far.
The counter quoted a price-to-earnings (PE) ratio of 82.77, earnings per share (EPS) of Rs 6.3 and price to book value (PB) of 6.23, while the return on equity (ROE) stood at Rs 8.09.
Promoter/ FII Holding
The promoters held 73.29 per cent stake in the company as of December 26, while FII and MF ownerships stood at 15.51 per cent and 4.68 per cent, respectively.
Key Financials With a market capitalisation of Rs 75061.7 crore, the company operates in the Insurance — Life industry.
For the quarter ended 30-Sep-2023, the company reported consolidated sales of Rs 17958.08 crore, down 24.8 per cent from the previous quarter?s Rs 23879.55 crore and down 22.3 per cent from the same quarter a year ago. The company reported net profit of Rs 243.88 crore for the latest quarter, up 21.87 per cent from the corresponding quarter last year.
Technical Indicators The relative strength index (RSI) of the stock stands at 42.09.
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
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