Share price of ICICI Pru Life falls as Sensex drops 812.74 points

Share price of . dropped 1.34 per cent to Rs 518.0 at 01:54PM (IST) in Thursday’s trade. The scrip hit a high of Rs 529.75 and low of Rs 509.55 so far during the session. The stock had closed at Rs 525.05 in the previous session.

The counter had a total traded volume of 01:54PM shares so far with a turnover of Rs 1.96 crore on BSE. The stock traded at a price-to-earnings multiple of 105.26 and a price-to-book ratio of 5.96.

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 73.41 per cent stake in the company as of 31-Mar-2022, while FIIs and domestic institutional investors ownership stood at 16.35 per cent and 4.74 per cent, respectively.

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 the previous quarter’s Rs 9987.32 crore and up 34.48 per cent from the year-ago quarter’s Rs 19898.29 crore.

Its profit for the latest quarter stood at Rs 186.88 crore, up 198.96 per cent from the same quarter a year ago.

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