ICICI Pru Life shares gain 0.88% as Sensex rises

Shares of ICICI Prudential Life Insurance Company Ltd. traded 0.88 per cent higher in Thursday's session at 11:16AM (IST). The stock opened at Rs 570.2 and has touched an intraday high and low of Rs 582.3 and Rs 570.2, respectively, during the session so far.

The stock quoted a 52-week high of Rs 608.65 and a 52-week low of 380.95. About 12,958 shares changed hands on the counter so far.

Benchmark Nifty50 was up 59.85 points at 19458.35, while the BSE Sensex traded 204.18 points higher at 65650.22 at the time of writing of this report.

In the Nifty pack, 30 stocks traded the day in the green, while 20 were in the red.


Key Financials
For the quarter ended 31-Mar-2023, the company reported consolidated sales of Rs 10767.43 crore, 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. The company reported net profit of Rs 235.26 crore for the latest quarter.

Promoter Holdings
Promoters held 73.35 per cent stake in the company as of 31-Mar-2023, while FIIs held 15.2 per cent and MFs 4.59 per cent.

Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 469.58 on July 06, while the 50-DMA was at Rs 487.92. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.