ICICI Pru Life Share Price: ICICI Pru Life shares down 1.08% as Nifty drops
The scrip opened at Rs 574.55 and touched an intraday high and low of Rs 574.55 and Rs 563.0, respectively, in the session so far. The stock of ICICI Prudential Life Insurance Company Ltd. quoted a 52-week high of Rs 615.55 and a 52-week low of Rs 380.95.
Total market cap of the ICICI Prudential Life Insurance Company Ltd. stood at Rs 81507.14 crore at the time of writing this report.
Key Financials
The company reported consolidated net sales of Rs 26849.7 crore for the quarter ended 31-Dec-2023, up 49.51 per cent from previous quarter’s Rs 17958.08 crore and up 53.72 per cent from the year-ago quarter’s Rs 17466.3 crore.
The net profit for latest quarter stood at Rs 226.92 crore, up 2.42 per cent from the corresponding quarter last year.
Shareholding pattern
As of 31-Dec-2023, DIIs held 5.58 per cent stake in the firm, while foreign institutional investors held 14.73 per cent and the promoters 73.27 per cent.
Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 89.35 and a price-to-book ratio of 6.23. 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.
