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ICICI Prudential Life Insurance up 7% on value buying

The stock moved higher by 7% to Rs 415, extending its Friday's 2% gain on the NSE

ICICI Prudential Life Insurance
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ICICI Prudential Life Insurance

SI Reporter Mumbai
ICICI Prudential Life Insurance Company moved higher by 7% to Rs 415, extending Friday’s 2% gain on the National Stock Exchange (NSE) on value buying.

The trading volumes on the counter more than doubled with a combined 4.2 million shares changed hands till 13:05 PM; as compared to 1.7 million shares were traded daily in past two weeks on the BSE and NSE.

On September 29, 2017, the stock closed at an over four-month low of Rs 382, had underperformed the market by falling 19% in past two months. On comparison, the S&P BSE Sensex was up 1%