Buy HDFC Life, target price Rs 880: HDFC Securities

Buy HDFC Life, target price Rs 880: HDFC Securities

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Synopsis

HDFC Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 138545.51 Crore) operating in Financial Services sector.

Agencies
Promoters held 53.81 per cent stake in the company as of 30-Sep-2021, while FIIs owned 30.43 per cent, DIIs 6.34 per cent.

Emkay Global has buy call on

Insurance Company with a target price of Rs 880. The current market price of HDFC Life Insurance Company is Rs 656.9. Time period given by analyst is one year when HDFC Life Insurance Company Ltd. price can reach defined target.

HDFC Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 138545.51 Crore) operating in Financial Services sector.

HDFC Life Insurance Company Ltd. key Products/Revenue Segments include Amount transferred from Policyholder Account, Interest, Dividend & Rent and Profit/Loss on Sale/Redemption of Investments for the year ending 31-Mar-2021.

Financials

For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 429.29 Crore, up 8.55 % from last quarter Total Income of Rs 395.46 Crore and up 19.44 % from last year same quarter Total Income of Rs 359.41 Crore. Company reported net profit after tax of Rs 275.91 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 53.81 per cent stake in the company as of 30-Sep-2021, while FIIs owned 30.43 per cent, DIIs 6.34 per cent.

(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.

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SynopsisHDFC Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 138545.51 Crore) operating in Financial Services sector.AgenciesPromoters held 53.81 per cent stake in the company as of 30-Sep-2021, while FIIs owned 30.43 per cent, DIIs 6.34 per cent.Emkay Global has buy call on Insurance Company with a target price of Rs 880. The current market price of HDFC Life Insurance Company is Rs 656.9. Time period given by analyst is one year when HDFC Life Insurance Company Ltd. price can reach defined target. HDFC Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 138545.51 Crore) operating in Financial Services sector. HDFC Life Insurance Company Ltd. key Products/Revenue Segments include Amount transferred from Policyholder Account, Interest, Dividend & Rent and Profit/Loss on Sale/Redemption of Investments for the year ending 31-Mar-2021. Financials For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 429.29 Crore, up 8.55 % from last quarter Total Income of Rs 395.46 Crore and up 19.44 % from last year same quarter Total Income of Rs 359.41 Crore. Company reported net profit after tax of Rs 275.91 Crore in latest quarter. Promoter/FII Holdings Promoters held 53.81 per cent stake in the company as of 30-Sep-2021, while FIIs owned 30.43 per cent, DIIs 6.34 per cent. (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.(What’s moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.) Download The Economic Times News App to get Daily Market Updates & Live Business News….morelessPick the best stocks for yourself Powered by 4 mins read4 mins read3 mins read4 mins read4 mins read7 mins read3 mins read4 mins read

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