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    Share price of ICICI Pru Life falls as Sensex gains 86.44 points

    Synopsis

    A total of 12,735 shares changed hands on the counter till 01:13PM (IST)

    Stock market-1200ThinkStock Photos
    Share price of ICICI Prudential Life Insurance Company Ltd. dropped 0.75 per cent to Rs 470.7 at 01:13PM (IST) in Tuesday's trade. The stock hit a high of Rs 473.65 and low of Rs 468.7 so far during the session. The stock had closed at Rs 474.25 in the previous session.

    The counter had a total traded volume of 01:13PM shares so far with a turnover of Rs 0.6 crore on BSE. The stock traded at a price-to-earnings multiple of 88.4 and a price-to-book ratio of 7.87.

    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 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 366.75 per cent stake in the company as of 31-Dec-2022, while overseas investors and domestic institutional investors ownership stood at 77.05 per cent and 28.75 per cent, respectively.

    Key Financials
    The company reported consolidated sales of Rs 17466.3 crore for the quarter ended 31-Dec-2022, down 24.43 per cent from the previous quarter's Rs 23111.85 crore and down 74.88 per cent from the year-ago quarter's Rs 9987.32 crore.

    Its profit for the latest quarter stood at Rs 221.56 crore, down 28.99 per cent from the same quarter a year ago.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    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
    The Economic Times

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