Share price of ICICI Pru Life jumps as Sensex drops 133.72 points
ICICI Prudential Life Insurance Company Ltd. gained 0.39 per cent to Rs 522.8 at 12:02PM (IST) in Wednesday's trade. The scrip has hit a high of Rs 525.5 and low of Rs 516.25 so far during the session.
The stock had closed at Rs 520.75 in the previous session.
The counter has had a total traded volume of 6880 shares so far with a value of Rs 0.36 crore on the NSE. It traded at a price-to-earnings multiple of 82.88 and a price-to-book ratio of 6.23.
A higher P/E 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 gained 3.82 per cent during the past one year, while the 30-share index advanced 11.82 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-Sep-2023, while foreign investors and domestic institutional investors ownership stood at 15.51 per cent and 4.68 per cent, respectively.
