HDFC Life stocks: Buy HDFC Life Insurance Company, target price Rs 635: ICICI Direct

ICICI Direct has buy call on HDFC Life Insurance Company Ltd. with a target price of Rs 635. The current market price of is Rs 558.25. Time period given by analyst is one year when . 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 117756.54 Crore) operating in Financial Services sector.

HDFC Life Insurance Company Ltd. key Products/Revenue Segments include Premiums Earned and Income From Investment for the year ending 31-Mar-2022.

Financials

For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 6807.43 Crore, down -61.88% from last quarter Total Income of Rs 17856.00 Crore and down -54.22% from last year same quarter Total Income of Rs 14871.13 Crore. Company reported net profit after tax of Rs 328.79 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 51.52 per cent stake in the company as of 30-Jun-2022, while FIIs owned 28.0 per cent, DIIs 6.58 per cent.

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