Share price of ICICI Prudential Life Insurance Company Ltd. falls as Sensex gains 356.3 points

Share price of ICICI Prudential Life Insurance Company Ltd. dropped 0.83 per cent to Rs 441.55 at 02:03PM (IST) in Thursday’s trade. The stock hit a high of Rs 449.2 and low of Rs 437.75 so far during the session. The stock had closed at Rs 445.25 in the previous session.

The counter had a total traded volume of 02:03PM shares so far with a turnover of Rs 1.49 crore on BSE. The stock traded at a price-to-earnings multiple of 59.09 and a price-to-book ratio of 7.08.

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-Dec-2020, while overseas investors and domestic institutional investors ownership stood at 16.28 per cent and 4.71 per cent, respectively.

Key Financials

The firm reported consolidated net sales of Rs 623.78 crore for the quarter ended 31-Dec-2020, up 0.06 per cent from the previous quarter’s Rs 623.39 crore and up 13.63 per cent from the year-ago quarter’s Rs 548.96 crore.

Its profit for the latest quarter stood at Rs 304.3 crore, up 0.84 per cent from the same quarter a year ago.

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