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    ICICI Pru Life shares fall 0.86 per cent in Thursday's trading session

    Synopsis

    The Relative Strength Index of the stock stood at 69.7 on Thursday.

    marketsAgencies
    India 10-year bond yield rose 0.37 per cent to 6 after trading in 5.99-6.01 range.
    Shares of ICICI Prudential Life Insurance Company Ltd. fell 0.86 per cent to Rs 515.25 in Thursday's trade as of 02:14PM (IST) even as the benchmark Nifty ruled at 18710.45, down 45.45 points.

    The scrip had closed at Rs 519.7 in the previous session. The stock quoted a 52-week low of Rs 380.95 and a high of Rs 608.65. The company quoted a market-cap of Rs 74151.16 crore on the BSE.

    On BSE, 32,270 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 91.15 times its trailing 12-month EPS of Rs 5.65 per share and 6.21 times its book value. The return on equity (ROE) stood at Rs 8.06.

    Key Financials
    For the quarter ended 31-Mar-2023, ICICI Prudential Life Insurance Company Ltd. reported consolidated sales of Rs 10767.43 crore, down 17.42 per cent from the same quarter a year ago. The company reported 25.89 per cent YoY growth in net profit at Rs 235.26 crore for the latest quarter.

    Technical indicators
    The relative strength index (RSI) of the stock stood at Thursday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

    Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.
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