ICICI Pru Life shares down 0.09% as Nifty drops

NEW DELHI: Shares of ICICI Prudential Life Insurance Company Ltd. traded 0.09 per cent down in Tuesday's trade at 01:31PM (IST). Around 14,702 shares changed hands on the counter.

The counter opened at Rs 450.0 and touched an intraday high and low of Rs 452.75 and Rs 447.0, respectively, in the session so far. Shares of the company of ICICI Prudential Life Insurance Company Ltd. quoted a 52-week high of Rs 608.65 and a 52-week low of Rs 380.95.

As per BSE, the total market cap of the ICICI Prudential Life Insurance Company Ltd. stood at Rs 64663.35 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, DIIs held 4.67 per cent stake in the firm, 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 P/E multiple of 84.51 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.