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ICICI Prudential Life Insurance Co. Ltd.ICICI Prudential Life Insurance Co. Ltd.ICICI Prudential Life Insurance Co. Ltd.

ICICI Prudential Life Insurance Co. Ltd.

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ICICIPRULI trade ideas

Icici pru life technically looking goodInsurance sector getting better. Icici Pru Life breaking out the neck line of inverted head and shoulder pattern in weekly chart. Inverted H&S is bullish pattern. Breaking out after 2.34Y Height of the head is 228.05 which is an ideal target 848.05. Fib retracement 261.8% - 861.8 also comes near to that target. Pivot target 3 is at 887.05. April month has always rewarded Icici Pru life on an avg 8% Weekly RSI(34) gave a breakout as well. Latest volume is above moving average as well.
NSE:ICICIPRULILong
by naraykln
Amazing breakout on Weekly / Daily Timeframe - ICICIPRULICheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED! NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!! #No complicated chart patterns #No big big indicators #No Excel sheet or number magics TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME. PS: No new Nifty500 script can escape from me when making a breakout. :-)
NSE:ICICIPRULILong
by Yoyohoneysingh93
ICICIPRULI | Swing Trade📊 DETAILS Sector: Life & Health Insurance Mkt Cap: 83,579 cr ICICI Prudential Life Insurance Company Ltd carries on business of providing life insurance, pensions and health insurance products to individuals and groups. The business is conducted in participating, non-participating and unit linked lines of business. These products are distributed through individual agents, corporate agents, banks, brokers, sales force and company's website. TTM PE : 91.67 (Average PE) Sector PE : 23.38 Beta : 0.83 📚 INSIGHTS Mid range performer Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest. 7.77% away from 52 week high Outperformer - ICICI Prudential Life Insurance Company up by 11.57% v/s NIFTY 50 down by -0.2% in last 1 month 📈 FINANCIALS Piotroski Score of 4/9 indicates Weak Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:ICICIPRULILong
by Munish_Jain
Trade/Investment Idea In ICICIPRULIFE (on Weekly Chart)STRENGTHS: Strong Momentum: Price above short, medium and long term moving averages Company with Low Debt Company with Zero Promoter Pledge Near 52 Week High WEAKNESS: Poor cash generated from core business - Declining Cash Flow from Operations for last 2 years Declining Net Cash Flow : Companies not able to generate net cash. OPPORTUNITY: Decrease in Provision in recent results THREATS: Companies with growing costs YoY for long term projects High PE (PE > 40) Promoter decreasing their shareholding Quick Results Snapshot: H1FY24 Bi-Annual Result Announced for ICICI Prudential Life Insurance Company Ltd. ICICI Prudential Life Insurance Company announced H1FY24 results: ICICI Prudential Life Insurance has registered a 27% growth in its Profit after Tax (PAT) to Rs 4.51 billion for H1FY24 The Value of New Business (VNB) stood at Rs 10.15 billion with a VNB margin of 28.8% for H1FY24 The total Annualised Premium Equivalent (APE) for the Company stood at Rs 35.23 billion, with minimal concentration risk from any single distribution channel. In H1FY24, the retail protection business segment APE grew by 73.7% YoY, resulting in a protection mix of 20.8% of overall APE. The Company’s retail New Business Sum Assured (NBSA) grew by 52% YoY to Rs 1.1 trillion in H1FY24. The total NBSA stood at Rs 4.9 trillion in H1FY24. The 13th-month persistency ratio improved by 100 bps to 86.9% for H1FY24. The 49th month persistency ratio, improved by 220 bps to 65.8% for H1FY24. The Assets Under Management (AUM) grew by 11.3% YoY to Rs 2.7 trillion on September 30, 2023. Anup Bagchi, MD & CEO, ICICI Prudential Life Insurance said, “We serve a crucial societal need of providing financial security to millions of families by helping them achieve their protection, retirement, health, and long-term savings goals. In H1FY24, our VNB stood at Rs 10.15 billion, with a margin of 28.8%, while PAT grew 27% year-on-year to Rs 4.51 billion. We are focused on growing the absolute VNB with the help of our 4D framework comprising Data analytics, Diversified propositions, Digitalisation, and Depth in Partnerships, to develop quality business in a risk-calibrated manner. The retail protection business, which faced supply-side challenges in the past has come back on track. The retail protection APE registered a strong YoY growth of 73.7%, resulting in a total protection APE of Rs 7.34 billion in H1FY24. We believe protection, given the under-penetration in the country, presents a significant growth opportunity for us. Persistency is the most effective indicator of the quality of sales and customer experience. Our 13th and 49th-month persistency ratios in September improved by 100 bps to 86.9% and 220 bps to 65.8% respectively. The customer’s continued trust in us is reflected in the improvement in persistency ratios across all cohorts. We recently launched the first-of-its-kind ‘ICICI Pru Stack’, a set of platform capabilities encompassing digital tools and analytical abilities. We believe the key to market expansion is in getting the customer-product-channel equation correct – the right product to the right customer at the right price through the right channel. The ICICI Pru Stack has facilitated customer segmentation, enabling us to extend ‘Term By Invite’ and ‘Insurance By Invite’ offers to customers, besides providing them with an end-to-end digital fulfillment journey from buying to claim settlement. The Stack has enabled the Company to issue ~20% of the policies on the same day for the savings line of business.” SHAREHOLDINGS: Icici Bank Limited PROMOTER 51.2 % Prudential Corporation Holdings Limited PROMOTER 22.1 % Camas Investments Pte. Ltd. FII 1.8 % Government Of Singapore FII 1.6 % Compassvale Investments Pte. Ltd. PUBLIC 2.0 % Sbi Arbitrage Opportunities Fund DI 2.0 % Icici Prudential S&P Bse 500 Etf DII 1.0% Thats all for now. N.B : I wanted to emphasize that the views I express are strictly personal and should not be construed as advice. It is crucial to consult with your financial advisor before making any trades or investment decisions. The complexity and unpredictability of financial markets underscore the importance of seeking professional guidance tailored to your individual financial circumstances and goals.
NSE:ICICIPRULILong
by Subhrajit006
4
Momentum Swing Idea| ICICI Prudential Life Insurance Company Ltd ICICI Prudential Life Insurance Company Ltd ICICI Prudential Life Insurance Company Ltd carries on business of providing life insurance, pensions and health insurance products to individuals and groups. Market Cap ₹ 83,099 Cr. Current Price ₹ 577 Stock P/E 91.1 ROCE 10.0 % ROE 8.45 % Debt to equity 0.11 Promoter holding 73.3 % Quick ratio 1.10 Current ratio 1.10 Piotroski score 5.00 Profit Var 3Yrs -8.65 % Sales growth 3Years 33.0 % Return on assets 0.33 % This in in momentum stock with brand recognition. This purely chart pattern analysis. Rsi above 55. keep in radar. Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation. If you like my ideas than like boost and follow me for more ideas. Thanks and comment freely
BSE:ICICIPRULILong
by Momentuminvesting5540
Swing Trading Idea in ICICI PRU LIFESYMBOL - ICICIPRULI There is a flag & pole pattern on daily time frame in ICICI PRU LIFE. CMP is 520 I am taking long position in march futures here at CMP for 560-590 target. Stoploss would be 498. It is in good support zone & consolidated here. I think it is ready to blast. After breaking out above 530, It will move towards 560 & 590 very fast. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:ICICIPRULILong
by akshit_official
9