India's ICICI Prudential Life Insurance gains on Q2 profit rise
** Shares of ICICI Prudential Life Insurance ICIR.NS rise 2% to 608 rupees ** ICIR set for biggest jump in three months since July 9 ** Co posts ~19% rise in PAT yoy * Value of new business margin, which measures profitability of new policies, rises 80 bps yoy ** ICIR rated "buy" by 30 analysts covering it; median PT at 715 rupees- per data compiled by LSEG ** YTD, stock pares losses to ~7% (Reporting by Komal Salecha) ((Komal@thomsonreuters.com;))
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