ICICI Prudential Life rallies 13% in two days post FY18 results

The stock was up 5% to Rs 438 in early morning trade, surging 13% in past two trading sessions on the BSE, after new business margin improved to 16.5% in FY18 from 10.1% in FY17. Shares of ICICI Prudential Life Insurance (IPRU) were up 5% to Rs 438 per share in early morning trade, surging 13% in past two trading sessions on the BSE, after the company reported better than expected results for the financial year 2017-18 (FY18).

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