ICICI Pru hits highest level since listing; stock up 65% from November low

Thus far in the month of June, the stock gained 11% against 1% decline in the S&P BSE Sensex.

ICICI Prudential Life Insurance Company (ICICI Pru) moved higher by 3% to Rs 453, also its highest level since listing on September 29 2016 on BSE.

The stock was up 36% against its initial public offer (IPO) price of Rs 334 per share. It rallied 65% from its low of Rs 274 touched on November 9, 2016 during intra-day trade.

Thus far in the month of June, the stock has gained 11% against 1% decline in the S&P BSE Sensex.

Analysts at JP Morgan reiterates overweight rating on the stock with a target price of Rs 460