Buy HDFC Life, target price Rs 880: Emkay Global

Emkay Global has buy call on HDFC Life Insurance Company with a target price of Rs 880. The current market price of HDFC Life Insurance Company is Rs 686.85.

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 139798.43 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 30-09-2021, the company reported a Consolidated Total Income of Rs 429.29 Crore, up 8.55 % from last quarter Total Income of Rs 395.46 Crore and up 19.44 % from last year same quarter Total Income of Rs 359.41 Crore. Company reported net profit after tax of Rs 275.91 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 53.81 per cent stake in the company as of 30-Sep-2021, while FIIs owned 30.43 per cent, DIIs 6.34 per cent.