ICICI Prudential Life Insurance Company, a key player in the Insurance - Life industry, saw its shares slightly decline by 0.52% to trade at ₹521.85 on BSE on Friday. The stock exhibited a gap up at the opening and oscillated between ₹527.15 and ₹521.6 throughout the day, with a trading volume of 8,712 shares.
Despite the minor dip, investor confidence in the company remains robust as evidenced by its broad trading range over the past year. The shares have fluctuated from ₹380.95 to ₹615.55, trading at approximately 87 times its annual EPS and over six times its book value. This performance comes even though the company has underperformed with a mere 4.16% gain compared to Sensex's 14.64%.
The market value of ICICI Prudential Life Insurance currently stands at ₹75050.86 crore (INR100 crore = approx. USD12 million). Interestingly, while there is no stake held by promoters in the company, institutional ownership is led by Foreign Institutional Investors (FIIs) at 15.43%, followed by Mutual Funds (MFs) at 4.39%.
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