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ICICI Pru Life shares down 0.85% as Nifty falls
ICICI Prudential Life Insurance Company Ltd. Shares Decline by 0.85% Amid Nifty Downturn
ICICI Prudential Life Insurance Company Ltd. Shares Decline by 0.85% Amid Nifty Downturn
The stock of ICICI Prudential Life Insurance Company Ltd. experienced a decline of 0.85% to Rs 546.85 in Thursday’s trade, with an intraday high of Rs 556.5 and a low of Rs 544.85. The stock’s 52-week high price was Rs 615.55 and the low was Rs 380.95. As of 12:07 PM (IST), the total traded volume of the stock was 31,038 shares with a traded value of Rs 1.71 crore, according to NSE. The stock had closed at Rs 551.55 in the previous session. Over the past month, the stock has advanced by 1.68%, while the benchmark BSE Sensex has gained 5.12% during the same period. The stock traded at a price-to-earnings (P/E) multiple of 87.74, while the price-to-book ratio stood at 6.23. The stock belongs to the Insurance - Life industry. Promoters held 0.0% stake in the company as of 30-Sep-2023, while FII and MF ownership in the firm stood at 15.51% and 4.68% respectively. The company reported consolidated sales of Rs 17958.08 crore for the quarter ended 30-Sep-2023, down 24.8% from the previous quarter’s Rs 23879.55 crore and down 22.3% from the year-ago quarter’s Rs 23111.85 crore. Its net profit for the latest quarter stood at Rs 243.88 crore, up 21.87% from the same quarter a year ago.
Key Takeaways:
1. The stock of ICICI Prudential Life Insurance Company Ltd. declined by 0.85% in Thursday’s trade.
2. The stock’s 52-week high price was Rs 615.55 and the low was Rs 380.95.
3. Total traded volume of the stock was 31,038 shares with a traded value of Rs 1.71 crore, according to NSE.
4. The stock traded at a price-to-earnings (P/E) multiple of 87.74, while the price-to-book ratio stood at 6.23.
5. Promoters held 0.0% stake in the company, while FII and MF ownership in the firm stood at 15.51% and 4.68% respectively.
6. The company reported consolidated sales of Rs 17958.08 crore for the quarter ended 30-Sep-2023, down 24.8% from the previous quarter’s Rs 23879.55 crore.
7. The net profit for the latest quarter stood at Rs 243.88 crore, up 21.87% from the same quarter a year ago.
Here is an analysis of the performance and key financials of ICICI Prudential Life Insurance Company Ltd.
Stock Performance
The stock of ICICI Prudential Life Insurance Company Ltd. rose by 0.85% to Rs 546.85 in Thursday’s trade. It hit an intraday high of Rs 556.5 and a low of Rs 544.85. The stock’s 52-week high price was Rs 615.55 and the low was Rs 380.95. As of 12:07 PM (IST), the total traded volume of the stock was 31,038 shares with a traded value of Rs 1.71 crore, according to NSE. The stock had closed at Rs 551.55 in the previous session. Over the past month, the stock has advanced by 1.68%, while the benchmark BSE Sensex has gained 5.12% during the same period.
Valuation
According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 87.74, while the price-to-book ratio stood at 6.23. A higher P/E ratio indicates that 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 reflects the price investors are ready to pay even for no growth in a business.
Industry and Ownership
The stock belongs to the Insurance - Life industry. As of 30-Sep-2023, promoters held 0.0% stake in the company, while FII and MF ownership in the firm stood at 15.51% and 4.68% respectively.
Key Financials
The company reported consolidated sales of Rs 17958.08 crore for the quarter ended 30-Sep-2023, which is down 24.8% from the previous quarter’s Rs 23879.55 crore and down 22.3% from the year-ago quarter’s Rs 23111.85 crore. Its net profit for the latest quarter stood at Rs 243.88 crore, up 21.87% from the same quarter a year ago.
In summary, the stock of ICICI Prudential Life Insurance Company Ltd. experienced a slight decrease in its share price, and the company’s financials show a decrease in sales but an increase in net profit for the latest quarter.
FAQ
Q1: What caused the decline in ICICI Pru Life shares?
A1: The decline in ICICI Pru Life shares can be attributed to the overall downturn in the Nifty, as well as specific market and industry factors affecting the company.
Q2: How does the price-to-earnings (P/E) ratio impact investor decisions?
A2: A higher P/E ratio indicates that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
Q3: What is the significance of the price-to-book ratio?
A3: The price-to-book value reflects the price investors are ready to pay even for no growth in a business, indicating the inherent value of the company.
Q4: What are the ownership percentages of promoters, FII, and MF in ICICI Prudential Life Insurance Company Ltd.?
A4: As of 30-Sep-2023, promoters held 0.0% stake in the company, while FII and MF ownership in the firm stood at 15.51% and 4.68% respectively.
Q5: How did the company’s financials perform in the latest quarter?
A5: The company reported consolidated sales of Rs 17958.08 crore for the quarter ended 30-Sep-2023, down 24.8% from the previous quarter’s Rs 23879.55 crore. The net profit for the latest quarter stood at Rs 243.88 crore, up 21.87% from the same quarter a year ago.
