Shares of ICICI Prudential Life Insurance Company fell 0.6% to Rs 329 at 15:21 IST on BSE after gaining 12.13% in the preceding seven trading sessions to settle at Rs 331 on Friday, 6 January 2017, from its close of Rs 295.20 on 28 December 2016.
Meanwhile, the S&P BSE Sensex was down 48.06 points or 0.18% at 26,711.17
On the BSE, 1.60 lakh shares were traded on the counter so far as against the average daily volumes of 2.01 lakh shares in the past one quarter. The stock had hit a high of Rs 333 and a low of Rs 326 so far during the day.
The stock had hit a record high of Rs 338 yesterday, 6 January 2017. The stock hit a record low of Rs 273.65 on 9 November 2016.
The large-cap company has equity capital of Rs 1435.32 crore. Face value per share is Rs 10.
Shares of ICICI Prudential Life Insurance Company had debuted at Rs 329 on BSE, a discount of 1.50% to the initial public offer price of Rs 334 per share on 29 September 2016.
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ICICI Prudential Life Insurance Company's net profit rose 23.93% to Rs 315.79 crore on 5.07% growth in total income to Rs 9144.09 crore in Q2 September 2016 over Q2 September 2015.
ICICI Prudential Life Insurance Company is the largest private sector life insurer in India by total premium and assets under management at 31 March 2016. ICICI Prudential is a joint venture between ICICI Bank and Prudential Corporation Holdings, a part of the Prudential Group, an international financial services group. The company is one of the first private sector life insurance companies in India. It commenced operations in October 2000 and offers a range of life insurance, health insurance and pension products and services.
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