ICICI Pru Life share price: Share price of ICICI Pru Life jumps as Sensex gains 52.91 points

Share price of ICICI Prudential Life Insurance Company Ltd. gained 0.05 per cent to Rs 614.5 at 01:31PM (IST) in Friday’s trade. The stock hit a high of Rs 617.7 and low of Rs 609.75 so far during the session. The stock had closed at Rs 614.2 in the previous session.

The counter had a total traded volume of 01:31PM shares so far with a turnover of Rs 1.46 crore on BSE. The stock traded at a price-to-earnings multiple of 92.31 and a price-to-book ratio of 5.28.

A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The 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.

Promotor/FII Holding

Promoters held 73.48 per cent stake in the company as of 31-Mar-2021, while foreign investors and domestic institutional investors ownership stood at 16.51 per cent and 4.3 per cent, respectively.

Key Financials

The firm reported consolidated net sales of Rs 735.33 crore for the quarter ended 31-Mar-2021, up 17.88 per cent from the previous quarter’s Rs 623.78 crore and up 25.55 per cent from the year-ago quarter’s Rs 987.71 crore.

Its profit for the latest quarter stood at Rs 62.51 crore, down 65.03 per cent from the same quarter a year ago.

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