Shares of ICICI Pru Life fall as Nifty drops

Shares of ICICI Prudential Life Insurance Company Ltd. slipped 1.24 per cent to Rs 464.5 in Wednesday's trade as of 12:56PM (IST). It hit a high of Rs 470.8 and low of Rs 461.4 during the session.

The stock quoted a 52-week high price of Rs 608.65 and a low of Rs 430.0. The return on equity for the stock stood at 8.31 per cent. About 11,440 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 underperformer, down 16.52 per cent in the past one year in comparison with a 2.24 per cent gain in Sensex.

Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 430.0 on January 25, while the 50-DMA was at Rs 463.28. 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-Dec-2022. Mutual funds and foreign institutional investors held 3.78 per cent and 16.63 per cent stake.