Buy General Insurance Corporation of India, target price Rs 171: HDFC Securities
The share price moved down by 0.37 per cent from its previous close of Rs 121.80. The stock’s last traded price is Rs 121.35.
By ETMarkets.com | Updated:
Agencies
HDFC Securities has given an buy rating to General Insurance Corporation of India with a target price of Rs 171.
The share price moved down by 0.37 per cent from its previous close of Rs 121.80. The stock’s last traded price is Rs 121.35.
Investment Rationale
Premium (NEP) to decline 18.2% YoY on lower underwriting in international markets.
. Growth expected in property, motor and health lines.
. COR is expected to improve to 98.7% (-2,640bps/-1,422 bps YoY/QoQ), as partial lockdown is expected to reduce loss ratios in most segments except for health.
. Provision on stressed assets remains a key monitorable.
The share price moved down by 0.37 per cent from its previous close of Rs 121.80. The stock’s last traded price is Rs 121.35.
Investment Rationale
Premium (NEP) to decline 18.2% YoY on lower underwriting in international markets.
. Growth expected in property, motor and health lines.
. COR is expected to improve to 98.7% (-2,640bps/-1,422 bps YoY/QoQ), as partial lockdown is expected to reduce loss ratios in most segments except for health.
. Provision on stressed assets remains a key monitorable.
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