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    ICICI Pru Life shares drop 2.73% as Sensex falls

    Synopsis

    The stock quoted a 52-week high of Rs 608.65 and a 52-week low of Rs 430.0.

    Brokers trade at computer terminals at stock brokerage firm in MumbaiReuters
    Investors should therefore use dips towards 15,200-15,400 to their advantage to accumulate quality largecaps and midcaps.
    Shares of ICICI Prudential Life Insurance Company Ltd. traded 2.73 per cent lower in Friday's session at 02:03PM (IST). The stock opened at Rs 481.05 and has touched an intraday high and low of Rs 482.3 and Rs 469.05, respectively, during the session so far.

    The stock quoted a 52-week high of Rs 608.65 and a 52-week low of 430.0. About 34,455 shares changed hands on the counter so far.

    Benchmark Nifty50 was down 58.3 points at 18049.55, while the BSE Sensex traded 162.78 points lower at 60695.65 at the time of writing of this report.

    In the Nifty pack, 13 stocks traded the day in the green, while 37 were in the red.


    Key Financials
    For the quarter ended 31-Dec-2022, the company reported consolidated sales of Rs 17466.3 crore, 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. The company reported net profit of Rs 221.56 crore for the latest quarter.

    Promoter Holdings
    Promoters held 73.4 per cent stake in the company as of 30-Jun-2022, while FIIs held 16.13 per cent and MFs 4.27 per cent.

    Technicals
    On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 514.99 on January 20, while the 50-DMA was at Rs 463.92. If a stock trades 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 as bearish trend and if trades between these averages, then it suggests the stock can go either way.



    (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
    The Economic Times

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