ICICI Pru Life Share Price: ICICI Pru Life shares fall 0.59 per cent in Thursday’s trading session

Shares of ICICI Prudential Life Insurance Company Ltd. fell 0.59 per cent to Rs 601.0 in Thursday’s trade as of 12:19PM (IST) even as the benchmark Nifty ruled at 17526.10, up 111.05 points.

The scrip had closed at Rs 604.55 in the previous session. The stock quoted a 52-week low of Rs 411.0 and a high of Rs 724.5. The company quoted a market-cap of Rs 86256.01 crore on the BSE.

On BSE, 30,234 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 137.54 times its trailing 12-month EPS of Rs 4.36 per share and 5.28 times its book value. The return on equity (ROE) stood at Rs 7.9.

Key Financials

For the quarter ended 30-Sep-2021, ICICI Prudential Life Insurance Company Ltd. reported consolidated sales of Rs 772.65 crore, up 23.94 per cent from the same quarter a year ago. The company reported 47.33 per cent YoY growth in net profit at Rs 445.62 crore for the latest quarter.

Technical indicators

The relative strength index (RSI) of the stock stood at Thursday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.

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