Buy HDFC Life Insurance Company, target price Rs 690: Emkay Global

Emkay Global has buy call on HDFC Life Insurance Company with a target price of Rs 690. The current market price of HDFC Life Insurance Company is Rs 568.45. Time period given by analyst is one year when HDFC Life Insurance Company Ltd. price can reach defined target.

HDFC Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 119986.21 Crore) operating in Financial Services sector.

HDFC Life Insurance Company Ltd. key Products/Revenue Segments include Amount transferred from Policyholder Account, Interest, Dividend & Rent and Profit/Loss on Sale/Redemption of Investments for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 17856 Crore, up 23.91 % from last quarter Total Income of Rs 14410.36 Crore and down -12.54 % from last year same quarter Total Income of Rs 20415.12 Crore. Company reported net profit after tax of Rs 506.19 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 51.53 per cent stake in the company as of 31-Mar-2022, while FIIs owned 26.65 per cent, DIIs 7.47 per cent.