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ICICI Prudential slumps 9% after weak Q3 results

The stock had hit a high of Rs 336.30 and a low of Rs 312.70 so far during the day.

Capital Market  |  New Delhi 

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Shares of Company slumped as much as 9.09 per cent to Rs 312.70 apiece in the morning trade on BSE after the company's net profit dropped 34.36 per cent  YoY to Rs 296.77 crore on 35.26 per cent fall in total income to Rs 8,786.70 crore in third quarter (Octobber- December) of FY19.

The result was announced after market hours on Tuesday.

Meanwhile, the was down 43 points or 0.12 per cent at 36,401.58.

The stock hit a high of Rs 336.30 and a low of Rs 312.70 so far during the day.

Company is promoted by and Prudential Corporation Holdings, headquartered in United Kingdom. The company began operations in fiscal 2001 and has consistently been amongst the top private sector life insurance in on a Retail Weighted Received Premium (RWRP) basis.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Wed, January 23 2019. 09:40 IST
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