Buy HDFC Life Insurance Company, target price Rs 750: Motilal Oswal
HDFC Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 137240.99 Crore) operating in Financial Services sector.
Motilal Oswal has buy call on with a target price of Rs 750. The current market price of Company is Rs 637.85.., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 137240.99 Crore) operating in Financial Services sector.
Insurance Company Ltd. key Products/Revenue Segments include Premiums Earned and Other Operating Revenue for the year ending 31-Mar-2024.
Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 27023.49 Crore, down -4.23 % from last quarter Total Income of Rs 28215.61 Crore and up 15.07 % from last year same quarter Total Income of Rs 23485.24 Crore. Company reported net profit after tax of Rs 478.97 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 50.37 per cent stake in the company as of 31-Mar-2024, while FIIs owned 30.02 per cent, DIIs 7.93 per cent.
Source: Stocks-Markets-Economic Times
