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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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