Share price of ICICI Pru Life jumps as Sensex gains 117.27 points

Share price of ICICI Prudential Life Insurance Company Ltd. gained 1.56 per cent to Rs 436.95 at 10:10AM (IST) in Thursday's trade. The counter hit a high of Rs 438.8 and low of Rs 431.0 so far during the session. The stock had closed at Rs 430.25 in the previous session.

The counter had a total traded volume of 10:10AM shares so far with a turnover of Rs 0.8 crore on BSE. The stock traded at a price-to-earnings multiple of 77.37 and a price-to-book ratio of 7.87.

A higher price-to-earnings 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 73.35 per cent stake in the company as of 31-Mar-2023, while foreign investors and domestic institutional investors ownership stood at 15.2 per cent and 5.97 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 10767.43 crore for the quarter ended 31-Mar-2023, down 38.35 per cent from the previous quarter's Rs 17466.3 crore and down 17.42 per cent from the year-ago quarter's Rs 13038.14 crore.

Its profit for the latest quarter stood at Rs 235.26 crore, up 25.89 per cent from the same quarter a year ago.