Buy HDFC Life Insurance Company; target of Rs 740: Sharekhan – Moneycontrol

My Account
Follow us on:
Powered By
Learn, discover & invest in smallcases across different types to build your long term portfolio.
Invest Now
Explore from India`s leading investment managers and advisors curating their strategies as smallcases.
Invest Now
Powered By stockal
Diversify your portfolio by investing in Global brands.
Invest Now
Pre-configured baskets of stocks & ETFs that you can invest
in with a single click. Developed by hedge funds, global
asset management companies, experienced wealth
management firms and portfolio managers.
Invest Now
Gamechangers
AMBAREESH BALIGA
Fundamental, Stock Ideas, Multibaggers & Insights
Subscribe
CK NARAYAN
Stock & Index F&O Trading Calls & Market Analysis
Subscribe
SUDARSHAN SUKHANI
Technical Call, Trading Calls & Insights
Subscribe
T GNANASEKAR
Commodity Trading Calls & Market Analysis
Subscribe
MECKLAI FINANCIALS
Currency Derivatives Trading Calls & Insights
Subscribe
SHUBHAM AGARWAL
Options Trading Advice and Market Analysis
Subscribe
MARKET SMITH INDIA
Model portfolios, Investment Ideas, Guru Screens and Much More
Subscribe
TraderSmith
Proprietary system driven Rule Based Trading calls
Subscribe
Moneycontrol  PRO
Moneycontrol  PRO
Curated markets data, exclusive trading recommendations, Independent equity analysis & actionable investment ideas
Subscribe
Curated markets data, exclusive trading recommendations, Independent equity analysis & actionable investment ideas
Explore
STOCK REPORTS BY THOMSON REUTERS
Details stock report and investment recommendation
Subscribe
POWER YOUR TRADE
Technical and Commodity Calls
Subscribe
INVESTMENT WATCH
Set price, volume and news alerts
Subscribe
Sharekhan’s research report on HDFC Life Insurance Company
HDFC Life Insurance Co through Reflect, Reshape, Resurge as a theme in its annual report intends to overcome the hurdles with the resilient business model, and move ahead by adapting to new structures, systems and processes through leveraging its intrinsic strengths to grow and gain further market share. The company reported strong business performance across various parameters. Its total new business premium market share stood at 21% among the private players, making the company the second largest in the private and the third largest in the overall insurance space. Its new business margin increased to 27.4%, an increase of 130 bps y-o-y aided by a balanced product mix. It plans to focus on product innovation to stay ahead of the curve and had introduced several new products over the last year. It continues to focus on profitable growth and invest in strengthening the digital presence and tie-ups with upcoming e-commerce partners.
Outlook
HDFC Life trades at 3x/2.5x its FY2023E/FY2024E EVPS. The stock has corrected 27% from the highs of Rs. 776. We maintain Buy with an unchanged PT of Rs. 740.
More Info
At 12:14 hrs HDFC Life Insurance Company was quoting at Rs 569.70, up Rs 4.15, or 0.73 percent.
It has touched an intraday high of Rs 571.20 and an intraday low of Rs 563.25.
It was trading with volumes of 32,254 shares, compared to its thirty day average of 82,857 shares, a decrease of -61.07 percent.
In the previous trading session, the share closed up 2.79 percent or Rs 15.35 at Rs 565.55.
The share touched its 52-week high Rs 775.65 and 52-week low Rs 497.30 on 02 September, 2021 and 08 March, 2022, respectively.
Currently, it is trading 26.55 percent below its 52-week high and 14.56 percent above its 52-week low.
Market capitalisation stands at Rs 120,387.44 crore.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
HDFC Life Insurance Company – 040722 – khan
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited.
Copyright © e-Eighteen.com Ltd All rights resderved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited.

source

Leave a Comment