Shares of ICICI Pru Life rise as Nifty gains

economictimes.indiatimes.com:

ICICI Prudential Life Insurance Company Ltd. gained 0.56 per cent to Rs 657.9 in Tuesday's trade as of 02:05PM (IST). It hit a high of Rs 662.95 and low of Rs 639.45 during the session.
The stock quoted a 52-week high price of Rs 673.6 and a low of Rs 463.5. The return on equity for the stock stood at 7.75 per cent. About 35,201 shares have changed hands on the counter so far.

The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.14.
The scrip has been an outperformer, up 32.91 per cent in the past one year in comparison with a 28.87 per cent gain in Sensex.
Technicals On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 463.5 on July 16, while the 50-DMA was at Rs 597.62. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.
Promoter/FII Holding Promoters held 0.0 per cent stake in ICICI Prudential Life Insurance Company Ltd. as of 31-Mar-2024. Mutual funds and foreign institutional investors held 6.43 per cent and 13.36 per cent stake.