India's ICICI Prudential Life set for best day in 4 years on Q1 profit climb

Icici Prudential Life Insurance

24/07/2024 06:51

** Shares of ICICI Prudential Life Insurance Company
 ICIR.NS  rise 7.3% to 685.25 rupees; on track for best day
since April 27, 2020, if gains hold
    ** Stock at highest since Oct. 7, 2021
    ** Insurer's Q1 profit rose ~9% YoY
    ** Rival HDFC Life Insurance's  HDFL.NS  profit rose ~15%,
SBI Life Insurance  SBIL.NS  to report on Wednesday
    ** ICIR, HDFL rated "buy" on avg, SBIL rated "strong buy" -
LSEG data
    ** ICIR up ~28% YTD, HDFL and SBIL up ~1% and ~15%,
respectively

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))