ICICI Prudential Life Insurance Company was up 2.18% to Rs 438.80 at 14:42 IST, with the stock extending Friday's gains after the company reported Q3 December 2017 results.
Meanwhile, the S&P BSE Sensex was up 186.35 points or 0.52% at 35,697.93.
On the BSE, 2.35 lakh shares were traded on the counter so far as against average daily volumes of 1 lakh shares in the past one quarter. The stock had hit a high of Rs 448.05 and a low of Rs 432 so far during the day. The stock had hit a record high of Rs 507.90 on 4 July 2017 and a 52-week low of Rs 337.50 on 31 January 2017.
The stock had outperformed the market over the past one month till 19 January 2018, gaining 8.67% compared with the Sensex's 4.95% rise. The stock had, however, underperformed the market over the past one quarter, advancing 8.45% as against the Sensex's 9.64% rise. The scrip had also underperformed the market over the past one year, surging 22.81% as against the Sensex's 30.04% rise.
The large-cap company has equity capital of Rs 1435.47 crore. Face value per share is Rs 10.
Shares of ICICI Prudential Life Insurance Company have risen 6.63% in two trading sessions to its ruling price, from its close of Rs 411.50 on 18 January 2018, after the company reported strong Q3 December 2017 results during market hours on Friday, 19 January 2018. On that day, the stock had surged 4.36% to settle at Rs 429.45.
The company's net profit rose 0.5% to Rs 452.10 crore on 160.3% growth in total income to Rs 13572.99 crore in Q3 December 2017 over Q3 December 2016.
Meanwhile, media reports suggested that a slew of brokerages raised target price of the stock after Q3 earnings.
ICICI Prudential Life Insurance Company is a private sector life insurer in India. It is a joint venture between ICICI Bank and Prudential Corporation Holdings, a part of the Prudential Group, an international financial services group. The company offers a range of life insurance, health insurance and pension products and services.
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