ICICI Pru Life Share Price: ICICI Pru Life shares down 0.76% as Nifty drops

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NEW DELHI: Shares of . traded 0.76 per cent down in Wednesday’s trade at 01:14PM (IST). Around 6,995 shares changed hands on the counter.

The scrip opened at Rs 526.45 and touched an intraday high and low of Rs 530.9 and Rs 522.0, respectively, in the session so far. Shares of the company of ICICI Prudential Life Insurance Company Ltd. quoted a 52-week high of Rs 724.5 and a 52-week low of Rs 430.0.

Total market cap of the ICICI Prudential Life Insurance Company Ltd. stood at Rs 75494.5 crore at the time of writing this report.

Key Financials

The company reported consolidated sales of Rs 13038.14 crore for the quarter ended 31-Mar-2022, up 30.55 per cent from previous quarter’s Rs 9987.32 crore and up 34.48 per cent from the year-ago quarter’s Rs 19898.29 crore.

The net profit for latest quarter stood at Rs 186.88 crore, up 198.96 per cent from the corresponding quarter last year.

Shareholding pattern

As of 31-Mar-2022, DIIs held 4.04 per cent stake in the company, while foreign institutional investors held 16.35 per cent and the promoters 73.41 per cent.

Valuation ratio

According to BSE data, the stock traded at a price-to-earnings multiple of 99.44 and a price-to-book ratio of 7.87. 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.

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