ICICI Pru Life shares up 3.43% as Nifty gains
A total of 27,242 shares changed hands on the counter till 11:41AM (IST).
NEW DELHI: Shares of . traded 3.43 per cent up in Wednesday's trade at 11:41AM (IST). Around 27,242 shares changed hands on the counter.The counter opened at Rs 532.05 and touched an intraday high and low of Rs 563.5 and Rs 532.05, 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 79010.6 crore at the time of writing this report.
Key Financials
The company reported consolidated net 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, DIIs held 6.43 per cent stake in the company, 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 92.88 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.
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Source: Stocks-Markets-Economic Times
