Buy HDFC Life, price target Rs 620: Chandan Taparia

Chandan Taparia of Motilal Oswal Securities has a buy call on HDFC Life Insurance Company Ltd. with a target price of Rs 620.0 . The current price of HDFC Life Insurance Company Ltd. is Rs 601.7 . Chandan Taparia recommended to keep a stoploss at Rs 587 .

HDFC Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 120637.19 Crore) operating in Financial Services sector.

HDFC Life Insurance Company Ltd. key Products/Revenue Segments include Amount transferred from Policyholder Account which contributed Rs 1206.90 Crore to Sales Value (74.71 % of Total Sales), Interest, Dividend & Rent which contributed Rs 304.90 Crore to Sales Value (18.87 % of Total Sales), Profit/Loss on Sale/Redemption of Investments which contributed Rs 114.13 Crore to Sales Value (7.06 % of Total Sales)for the year ending 31-Mar-2019.


For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 225.06 Crore, down -37.53 % from last quarter Sales of Rs 360.26 Crore and down -5.19 % from last year same quarter Sales of Rs 237.38 Crore Company has reported net profit after tax of Rs 308.98 Crore in latest quarter.

The company’s top management includes Mr.Deepak S Parekh, Mr.James Aird, Mr.Keki M Mistry, Mr.Ketan Dalal, Mr.Norman K Skeoch, Mr.Prasad Chandran, Mr.Ranjan Mathai, Mr.Rushad Abadan, Mr.Sumit Bose, Mr.Suresh Badami, Mr.Vish Viswanathan, Ms.Bharti Gupta Ramola, Ms.Renu Sud Karnad, Ms.Vibha Padalkar. Company has Price Waterhouse Chartered Accountants LLP as its auditoRs As on 30-09-2019, the company has a total of 2,017,672,019 shares outstanding.