ICICI Pru Life shares up 0.43% as Nifty drops

NEW DELHI: Shares of ICICI Prudential Life Insurance Company Ltd. traded 0.43 per cent up in Friday's trade at 10:30AM (IST). Around 7,527 shares changed hands on the counter.

The stock opened at Rs 551.6 and touched an intraday high and low of Rs 563.0 and Rs 551.6, respectively, in the session so far. The stock of ICICI Prudential Life Insurance Company Ltd. quoted a 52-week high of Rs 615.55 and a 52-week low of Rs 380.95.

Total market cap of the ICICI Prudential Life Insurance Company Ltd. stood at Rs 80381.09 crore at the time of writing this report.


Key Financials
The company reported consolidated sales of Rs 17958.08 crore for the quarter ended 30-Sep-2023, down 24.8 per cent from previous quarter's Rs 23879.55 crore and down 22.3 per cent from the year-ago quarter's Rs 23111.85 crore.

The net profit for latest quarter stood at Rs 243.88 crore, up 21.87 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Sep-2023, domestic institutional investors held 4.68 per cent stake in the firm, while foreign institutional investors held 15.51 per cent and the promoters 73.29 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 88.63 and a price-to-book ratio of 6.23. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.