Share price of ICICI Pru Life falls as Sensex drops 437.8 points
ICICI Prudential Life Insurance Company Ltd. dropped 0.4 per cent to Rs 543.7 at 12:53PM (IST) in Thursday's trade.
The counter hit a high of Rs 549.0 and low of Rs 540.75 so far during the session. The stock had closed at Rs 545.85 in the previous session.
The counter had a total traded volume of 12:53PM shares so far with a turnover of Rs 5947.0 crore on BSE. The stock traded at a price-to-earnings multiple of 90.69 and a price-to-book ratio of 6.23.
A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The 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.Promotor/FII Holding Promoters held 73.33 per cent stake in the company as of 30-Jun-2023, while foreign investors and domestic institutional investors ownership stood at 15.43 per cent and 6.15 per cent, respectively.Key Financials The firm reported consolidated sales of Rs 23879.55 crore for the quarter ended 30-Jun-2023, up 121.78 per cent from the previous quarter's Rs 10767.43 crore and up 52.02 per cent from the year-ago quarter's Rs 15707.72 crore. Its profit for the latest quarter stood at Rs 206.19 crore, up 31.7 per cent from the same quarter a year ago.
. Read more on economictimes.indiatimes.com
