ICICI Prudential Life Insurance may move to Rs 500: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "ICICI Prudential Life Insurance Company is not a 5-6 month type stock and it has corrected fairly strongly from higher levels. So keep a Rs 350 type of a stoploss and in case we start getting past Rs 425 then one can add on to the stock and then look for levels of Rs 500. But do not increase your position while the market is falling. Increase it once it starts coming back."

ICICI Prudential Life Insurance Company ended at Rs 387.05, down Rs 17.70, or 4.37 percent on the BSE.

The share touched its 52-week high Rs 507.90 and 52-week low Rs 273.65 on 04 July, 2017 and 09 November, 2016, respectively.