 "ICICI Prudential slumps 9% after weak Q3 results")
Shares of ICICI Prudential Life Insurance Company slumped as much as 9.09 per cent to Rs 312.70 apiece in the morning trade on BSE after the company's net profit dropped 34.36 per cent YoY to Rs 296.77 crore on 35.26 per cent fall in total income to Rs 8,786.70 crore in third quarter (Octobber- December) of FY19.
The result was announced after market hours on Tuesday.Meanwhile, the S&P BSE Sensex was down 43 points or 0.12 per cent at 36,401.58.
The stock hit a high of Rs 336.30 and a low of Rs 312.70 so far during the day.
ICICI Prudential Life Insurance Company is promoted by ICICI Bank and Prudential Corporation Holdings, headquartered in United Kingdom. The company began operations in fiscal 2001 and has consistently been amongst the top private sector life insurance companies in India on a Retail Weighted Received Premium (RWRP) basis.