ICICI Pru Life shares up 0.64% as Nifty gains
ICICI Prudential Life Insurance Company Ltd. traded 0.64 per cent up in Tuesday's trade at 10:40AM (IST). Around 7,656 shares changed hands on the counter.
The scrip opened at Rs 575.6 and touched an intraday high and low of Rs 583.0 and Rs 575.0, respectively, in the session so far. Shares of the company of ICICI Prudential Life Insurance Company Ltd. quoted a 52-week high of Rs 615.55 and a 52-week low of Rs 380.95.
As per BSE, the total market cap of the ICICI Prudential Life Insurance Company Ltd. stood at Rs 83648.04 crore at the time of writing this report.Key Financials The company reported consolidated sales of Rs 23879.55 crore for the quarter ended 30-Jun-2023, up 121.78 per cent from previous quarter's Rs 10767.43 crore and up 52.02 per cent from the year-ago quarter's Rs 15707.72 crore. The net profit for latest quarter stood at Rs 206.19 crore, up 31.7 per cent from the corresponding quarter last year.Shareholding pattern As of 30-Jun-2023, domestic institutional investors held 4.39 per cent stake in the firm, while foreign institutional investors held 15.43 per cent and the promoters 0.0 per cent.Valuation ratio According to BSE data, the stock traded at a P/E multiple of 96.91 and a price-to-book ratio of 6.23.
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 Company Ltd. belongs to the Insurance — Life industry.
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