Share price of ICICI Pru Life jumps as Sensex drops 324.89 points
A total of 11,194 shares changed hands on the counter till 10:35AM (IST)
Share price of . gained 0.79 per cent to Rs 638.7 at 10:35AM (IST) in Friday's trade. The counter hit a high of Rs 641.15 and low of Rs 631.25 so far during the session. The stock had closed at Rs 633.65 in the previous session.The counter had a total traded volume of 10:35AM shares so far with a turnover of Rs 0.72 crore on . The stock traded at a price-to-earnings multiple of 108.21 and a price-to-book ratio of 8.0.
A higher P/E 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 is the measure of the price that investors are ready to pay even for no growth in the business.
. belongs to the Insurance - Life industry.
Promotor/FII Holding
Promoters held 73.24 per cent stake in the company as of 31-Mar-2024, while overseas investors and domestic institutional investors ownership stood at 13.35 per cent and 8.54 per cent, respectively.
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 the previous quarter's Rs 26849.7 crore and down 113.84 per cent from the year-ago quarter's Rs 10767.43 crore.
Its profit for the latest quarter stood at Rs 173.67 crore, down 26.18 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
