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    ICICI Pru Life shares down 0.18% as Nifty drops

    Synopsis

    A total of 18,436 shares changed hands on the counter till 01:07PM (IST).

    A man walks past the Bombay Stock Exchange (BSE) building in MumbaiReuters
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    NEW DELHI: Shares of ICICI Prudential Life Insurance Company Ltd. traded 0.18 per cent down in Thursday's trade at 01:07PM (IST). Around 18,436 shares changed hands on the counter.

    The stock opened at Rs 486.85 and touched an intraday high and low of Rs 488.1 and Rs 482.65, respectively, in the session so far. The stock of ICICI Prudential Life Insurance Company Ltd. quoted a 52-week high of Rs 608.65 and a 52-week low of Rs 430.0.

    As per BSE, the total market cap of the ICICI Prudential Life Insurance Company Ltd. stood at Rs 69897.64 crore at the time of writing this report.

    Key Financials
    The company reported consolidated net sales of Rs 23111.85 crore for the quarter ended 30-Sep-2022, up 47.14 per cent from previous quarter's Rs 15707.72 crore and up 1.49 per cent from the year-ago quarter's Rs 23461.85 crore.

    The net profit for latest quarter stood at Rs 200.12 crore, down 55.09 per cent from the corresponding quarter last year.

    Shareholding pattern
    As of 30-Jun-2022, domestic institutional investors held 3.78 per cent stake in the firm, while foreign institutional investors held 16.63 per cent and the promoters 0.0 per cent.


    Valuation ratio
    According to BSE data, the stock traded at a price-to-earnings multiple of 81.7 and a price-to-book ratio of 7.87. 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.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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