Share price of ICICI Pru Life jumps as Sensex gains 33.87 points
ICICI Prudential Life Insurance Company Ltd. gained 2.2 per cent to Rs 549.75 at 10:10AM (IST) in Tuesday's trade.
The scrip has hit a high of Rs 550.9 and low of Rs 539.0 so far during the session. The stock had closed at Rs 537.9 in the previous session.
The counter has had a total traded volume of 18225 shares so far with a value of Rs 9957.0 crore on the NSE.
It traded at a price-to-earnings multiple of 91.84 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 reflects the price investors are willing to pay even for no growth in the business.
The scrip declined 4.58 per cent during the past one year, while the 30-share index advanced 9.4 per cent during the same period.
ICICI Prudential Life Insurance Company Ltd. belongs to the Insurance — Life industry.
Promotor/FII Holding Promoters held 0.0 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 4.39 per cent, respectively.
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 the previous quarter's Rs 10767.43 crore and up 52.02 per cent from the year-ago quarter's Rs 15707.72 crore.
Profit for the latest quarter stood at Rs 206.19 crore, up 31.7 per cent from the same quarter a year ago.
