ICICI Pru Life Share Price: Share price of ICICI Pru Life jumps as Sensex gains 63.09 points

Share price of ICICI Prudential Life Insurance Company Ltd. gained 1.37 per cent to Rs 662.9 at 10:46AM (IST) in Wednesday’s trade. The counter hit a high of Rs 665.05 and low of Rs 649.1 so far during the session. The stock had closed at Rs 653.95 in the previous session.

The counter had a total traded volume of 10:46AM shares so far with a turnover of Rs 1.1 crore on BSE. The stock traded at a price-to-earnings multiple of 151.14 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 73.42 per cent stake in the company as of 30-Sep-2021, while overseas investors and domestic institutional investors ownership stood at 17.17 per cent and 4.14 per cent, respectively.

Key Financials

The firm reported consolidated net sales of Rs 772.65 crore for the quarter ended 30-Sep-2021, up 11.82 per cent from the previous quarter’s Rs 690.95 crore and up 23.94 per cent from the year-ago quarter’s Rs 623.39 crore.

Its profit for the latest quarter stood at Rs 445.62 crore, up 47.33 per cent from the same quarter a year ago.

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