Share price of ICICI Pru Life falls as Nifty strengthens
The return on equity (ROE) for the stock stood at 8.09 per cent. Traded volume on the counter stood at 01:45PM shares and turnover at Rs 9399.0 crore around that time.
The stock of ICICI Prudential Life Insurance Company Ltd. quoted a 52-week high price of Rs 615.55 and 52-week low prices of Rs 380.95, respectively.
The stock's Beta value, which measures its volatility in relation to the broader market, stood at 1.14.Promotor/FII Holding Promoters held 0.0 per cent stake in the company as of 30-Jun-2023, while FIIs held 15.43 per cent and domestic institutional investors had 4.39 per cent.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. Net profit after tax for the latest quarter stood at Rs 206.19 crore, up 31.7 per cent from the same quarter a year ago.Technicals The MACD signalled a bearish bias on the counter.
The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages.
A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect «buy» or «sell» opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.
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