ICICI Pru Life shares up 1.6% as Sensex rises
A total of 9,370 shares changed hands on the counter till 12:17PM (IST)
Shares of . gained 1.6 per cent to Rs 615.3 in Monday's session as of 12:17PM (IST) even as the equity benchmark traded 334.21 points higher at 79366.94.Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 640.8 and a 52-week low of Rs 463.5 on . Around 9370 shares changed hands on the counter till 12:17PM (IST).
The stock opened at Rs 601.9 and has touched an intraday high and low of Rs 615.55 and Rs 601.9 during the session so far. The stock quoted a price-to-earnings (PE) ratio of 101.93, earnings per share (EPS) of Rs 5.9 and price to book value (PB) of 8.0, while the return on equity (ROE) stood at Rs 7.75.
Promoter/ FII Holding
The promoters held 73.24 per cent stake in the company as of July 01, while FII and MF ownerships stood at 13.35 per cent and 6.43 per cent, respectively.
Key Financials
With a market capitalisation of Rs 86710.69 crore, the company operates in the Insurance - Life industry. For the quarter ended 31-Mar-2024, the company reported consolidated sales of Rs 23025.12 crore, down 14.24 per cent from the previous quarter?s Rs 26849.7 crore and down 113.84 per cent from the same quarter a year ago. The company reported net profit of Rs 173.67 crore for the latest quarter, down 26.18 per cent from the corresponding quarter last year.
Technical Indicators
The relative strength index (RSI) of the stock stands at 63.63. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition 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.
Source: Stocks-Markets-Economic Times
