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    ICICI Pru Life shares down 1.81% as Sensex rises

    Synopsis

    A total of 21,553 shares changed hands on the counter till 02:03PM (IST)

    market-getty-24Getty Images
    Shrikant Chouhan of Kotak Securities said Nifty50 topping the 15,800 mark was completely unexpected.
    Shares of ICICI Prudential Life Insurance Company Ltd. fell 1.81 per cent to Rs 464.35 in Monday's session as of 02:03PM (IST) even as the equity benchmark Sensex traded 662.66 points higher at 60563.03.

    Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 640.0 and a 52-week low of Rs 430.0 on NSE. Around 21553 shares changed hands on the counter till 02:03PM (IST).

    The stock opened at Rs 471.6 and has touched an intraday high and low of Rs 476.4 and Rs 463.3 during the session so far. The counter quoted a price-to-earnings (PE) ratio of 78.04, earnings per share (EPS) of Rs 5.95 and price to book value (PB) of 7.87, while the return on equity (ROE) stood at Rs 8.31.

    Promoter/ FII Holding
    The promoters held 73.4 per cent stake in the company as of January 09, while FII and MF ownerships stood at 16.13 per cent and 4.27 per cent, respectively.

    Key Financials
    With a market capitalisation of Rs 66771.12 crore, the company operates in the Insurance - Life industry. For the quarter ended 30-Sep-2022, the company reported consolidated sales of Rs 23111.85 crore, up 47.14 per cent from the previous quarter?s Rs 15707.72 crore and up 1.49 per cent from the same quarter a year ago. The company reported net profit of Rs 200.12 crore for the latest quarter, down 55.09 per cent from the corresponding quarter last year.

    Technical Indicators
    The relative strength index (RSI) of the stock stands at 52.0. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.



    (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 .)

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    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

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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
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