ICICI Pru Life shares up 0.95% as Nifty gains

NEW DELHI: Shares of ICICI Prudential Life Insurance Company Ltd. traded 0.95 per cent up in Monday's trade at 10:20AM (IST). Around 12,059 shares changed hands on the counter.

The scrip opened at Rs 393.9 and touched an intraday high and low of Rs 398.55 and Rs 390.95, respectively, in the session so far. The stock of ICICI Prudential Life Insurance Company Ltd. quoted a 52-week high of Rs 608.65 and a 52-week low of Rs 388.5.

As per BSE, the total market cap of the ICICI Prudential Life Insurance Company Ltd. stood at Rs 57218.8 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 17466.3 crore for the quarter ended 31-Dec-2022, down 24.43 per cent from previous quarter's Rs 23111.85 crore and down 74.88 per cent from the year-ago quarter's Rs 9987.32 crore.

The net profit for latest quarter stood at Rs 221.56 crore, down 28.99 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Dec-2022, domestic institutional investors held 4.67 per cent stake in the company, while foreign institutional investors held 15.41 per cent and the promoters 0.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 74.78 and a price-to-book ratio of 7.87. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.