Buy HDFC Life Insurance Company, target price Rs 605: ICICI Direct


ICICI Direct has buy call on HDFC Life Insurance Company Ltd. with a target price of Rs 605. The current market price of HDFC Life Insurance Company is Rs 574.3. Time period given by analyst is Intra Day 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 119285.77 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.


For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 14410.36 Crore, down -30.35 % from last quarter Total Income of Rs 20689.53 Crore and down -47.60 % from last year same quarter Total Income of Rs 27498.74 Crore. Company reported net profit after tax of Rs 275.28 Crore in latest quarter.

Investment Rationale
Forming higher base at the 50 days EMA and daily MACD in buy mode

Promoter/FII Holdings
Promoters held 53.77 per cent stake in the company as of 31-Dec-2021, while FIIs owned 30.78 per cent, DIIs 5.76 per cent.

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