Alpha Ideas

ICICI Pru Life Shares

The Insurance Sector is in the news today as the Govt. plans to increase the FDI limit in insurance from 26% to 49%

The leader in the Private Insurance space is ICICI Pru Life.Some salient features of the company:

Largest private insurer in India
18.9% market share in private insurance space and 7.2% overall
PAT of 15.6 Billion Rupees
Earnings Per share-10.96 Rs/Share
Dividend of 7.65 Rs/Share
99.78% shares are held by promoters and 0.22% shares are held by employees
Last Employee Stock Option Scheme (“ESOS”) was on April 25,2008 with an exercise price of Rs.400 per share

The Annual Report of the Insurer can be downloaded from here.

I am market making in ICICI Pru and if anyone wants to buy/sell ICICI Pru, please email me at Alpha Ideas

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Some stuff I am reading today morning:

SEBI uncovers major insider trading case in shares of L&T Finance (FE)

Govt to raise FDI limit in insurance (BS)

Investor interest in power revives (Mint)

Latest fixed deposit rates in India (MyInvestmentIdeas)

Huge Difference in having an opinion and having a position (AllStarCharts)

Fact,Fiction and Momentum Investing (OptimalMomentum)

Modi is about to make Pierre Omdiyar a lot richer (Pando)

Someone still believes in Steve Cohen (Dealbreaker)

Time (and Money) in a Cell Phone (BillGross)

This post is in continuation of my coat tailing series (see here)

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Nemish Shah is a well known investor in the Indian Equity Markets.

His significant holdings in India as on 31 March,2014 as per Stock Exchanges is given below:

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