The share price of ICICI Prudential Life Insurance Company Ltd. gained 2.09 per cent to Rs 489.9 at 11:47AM (IST) in Wednesday’s trade. The counter has hit a high of Rs 490.1 and low of Rs 469.7 so far during the session. The stock had closed at Rs 479.85 in the previous session.
The counter has had a total traded volume of 36203 shares so far with a value of Rs 1.73 crore on the NSE. It traded at a price-to-earnings multiple of 108.64 and a price-to-book ratio of 5.28.
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 reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 3.83 per cent during the past one year, while the 30-share index advanced 12.64 per cent during the same period.
ICICI Prudential Life Insurance Company Ltd. belongs to the Insurance – Life industry.
Promotor/FII Holding
Promoters held 51.32 per cent stake in the company as of 31-Dec-2021, while FIIs and domestic institutional investors ownership stood at 16.92 per cent and 3.64 per cent, respectively.
Key Financials
The company reported consolidated net sales of Rs 9987.32 crore for the quarter ended 31-Dec-2021, down 57.43 per cent from the previous quarter’s Rs 23461.85 crore and down 65.28 per cent from the year-ago quarter’s Rs 28761.54 crore.
Profit for the latest quarter stood at Rs 312.0 crore, up 2.53 per cent from the same quarter a year ago.
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