27-09-2019
Buy ICICI Prudential Life Insurance Company, target Rs 454: Kunal Bothra
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27-09-2019
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Buy ICICI Prudential Life Insurance Company, target Rs 454: Kunal Bothra
Independent analyst Kunal Bothra has a buy call on ICICI Prudential Life Insurance Company Ltd.NSE 3.75 % with a target price of Rs 454. The current market price of ICICI Prudential Life Insurance Company Ltd. is Rs 433.1. Time period given by the analyst is Intra Day when ICICI Prudential Life Insurance Company Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 420. ICICI Prudential Life Insurance Company Ltd., incorporated in year 2000, has a market cap of of Rs 62186.21 crore.
ICICI Prudential Life Insurance Company Ltd. key Products/Revenue Segments include Amount transferred from Policyholder Account which contributed Rs 1089.21 Crore to Sales Value (59.56 % of Total Sales), Interest, Dividend & Rent which contributed Rs 419.34 Crore to Sales Value (22.93 % of Total Sales), Profit/Loss on Sale/Redemption of Investments which contributed Rs 322.14 Crore to Sales Value (17.61 % of Total Sales)for the year ending 31-Mar-2018.
For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 368.88 Crore, down -11.45 % from last quarter Sales of Rs 416.57 Crore and up 49.69 % from last year same quarter Sales of Rs 246.43 Crore Company has reported net profit after tax of Rs 284.64 Crore in latest quarter. The company’s top management includes Mr.Anup Bagchi, Mr.Dileep Choksi, Mr.Dilip Karnik, Mr.M S Ramachandran, Mr.N S Kannan, Mr.Puneet Nanda, Mr.R K Nair, Mr.Raghunath Hariharan, Mr.Sandeep Batra, Mr.V Sridar, Ms.Vibha Paul Rishi. Company has Walker Chandiok & Co. LLP as its auditors. As on 30-06-2019, the company has a total of 1,435,839,481 shares outstanding.
Source: The Economic Times