Share price of ICICI Pru Life jumps as Sensex drops 48.74 points
The counter had a total traded volume of 10:10AM shares so far with a turnover of Rs 9317.0 crore on BSE. The stock traded at a price-to-earnings multiple of 94.06 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 overseas investors and domestic institutional investors ownership stood at 15.43 per cent and 6.15 per cent, respectively.Key Financials The firm reported consolidated net 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.
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