/ ICICI Prudential Life Insurance Hits 52-Week High ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 24 January 2017

ICICI Prudential Life Insurance, the leading insurance company had a good day on the exchange, wherein the stock of the company hit its new 52-week high of Rs 363.30. The stock has reacted to its Q3FY17 results which were quite positive, wherein the annual premium equivalent has grown by 27.6% YoY; and the total cost of weighted premium has grown by 15.9% for 9MFY2017.

In the last three months the stock has outperformed the BSE Sensex. Ten Mutual Fund houses have invested in the stock of the company. ICICI Prudential Life Insurance is a joint venture between Prudential plc and ICICI Bank, Prudential being an international financial service group.

The joint venture between the two companies is effective from the year 2000 and is amongst the first five private insurance companies to have received approval to carry out their business in India. 

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