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ICICI Prudential Life inches toward IPO issue price

The stock was up 2% at Rs 333 on BSE inching towards its IPO issue price of Rs 334 per share

ICICI Pru's Rs 6,000 crore IPO to open tomorrow
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SI Reporter Mumbai
ICICI Prudential Life Insurance Company was trading 2% higher at Rs 333, inching towards its initial public offer (IPO) issue price of Rs 334 per share.

In past seven trading sessions, the stock outperformed the market by surging 13% from Rs 295 on December 28, as compared to 2.4% rise in the S&P BSE Sensex.

The counter has seen huge trading volumes as compared to two-week average, with a combined 2.07 equity shares changed hands on the BSE and NSE till 01:15 pm.

The shares of insurance company hit high of Rs 333.90 in intra-day trade on