ICICI Pru Life shares down 0.3% as Nifty gains
A total of 3,136 shares changed hands on the counter till 12:53PM (IST).
NEW DELHI: Shares of . traded 0.3 per cent down in Wednesday's trade at 12:53PM (IST). Around 3,136 shares changed hands on the counter.The counter opened at Rs 582.0 and touched an intraday high and low of Rs 583.55 and Rs 578.55, respectively, in the session so far. The stock of . quoted a 52-week high of Rs 640.8 and a 52-week low of Rs 463.5.
Total market cap of the Ltd. stood at Rs 83843.86 crore at the time of writing this report.
Key Financials
The company reported consolidated sales of Rs 23025.12 crore for the quarter ended 31-Mar-2024, down 14.24 per cent from previous quarter's Rs 26849.7 crore and down 113.84 per cent from the year-ago quarter's Rs 10767.43 crore.
The net profit for latest quarter stood at Rs 173.67 crore, down 26.18 per cent from the same quarter a year ago.
Shareholding pattern
As of 31-Mar-2024, domestic institutional investors held 6.43 per cent stake in the firm, while foreign institutional investors held 13.35 per cent and the promoters 73.24 per cent.
Valuation ratio
According to data, the stock traded at a price-to-earnings multiple of 98.56 and a price-to-book ratio of 7.97. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.
Ltd. belongs to the Insurance - Life industry.
Source: Stocks-Markets-Economic Times
