ICICI Prudential stocks: Buy ICICI Prudential Life Insurance Company, target price Rs 610: Yes Securities

Yes Securities has buy call on with a target price of Rs 610. The current market price of ICICI Prudential Life Insurance Company is Rs 560.6. Time period given by analyst is Intra Day when . price can reach defined target.

ICICI Prudential Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 80520.65 Crore) operating in the Financial Services sector.

ICICI Prudential Life Insurance Company Ltd. key Products/Revenue Segments include Income From Financial Services, Other Operating Revenue for the year ending 31-Mar-2022.

Financials

For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 15707.72 Crore, up 20.48 % from last quarter Total Income of Rs 13038.14 Crore and down -8.28 % from last year same quarter Total Income of Rs 17125.73 Crore . The company reported net profit after tax of Rs 156.56 Crore in the latest quarter.

Investment Rationale
Bullish patterns double top buy, turtle & ABC breakouts on P&F chart suggest upmove to continue.


Promoter/FII Holdings
Promoters held 73.4 per cent stake in the company as of 30-Jun-2022, while FIIs owned 16.13 per cent, DIIs 5.08 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.

.

Leave a Reply

Your email address will not be published.