Buy HDFC Standard Life Insurance Company, target Rs 510: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a buy call on HDFC Standard Life Insurance Company Ltd. with a target price of Rs 510.0 . The current market price of HDFC Standard Life Insurance Company Ltd. is Rs 483.75 Time period given by the analyst is Intra Day when HDFC Standard Life Insurance Company Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 479. HDFC Standard Life Insurance Company Ltd., incorporated in the year 2000, is a largecap company with a market cap of Rs 98552.99 crore.

HDFC Standard Life Insurance Company Ltd. key Products/Revenue Segments include Other Services which contributed Rs 1002.20 Crore to Sales Value (78.14 % of Total Sales) and Income From Investment which contributed Rs 280.26 Crore to Sales Value (21.85 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 30-06-2018, the company has reported a Standalone sales of Rs 319.97 Crore, down -19.30 % from last quarter Sales of Rs 396.51 Crore and up 25.66 % from last year same quarter Sales of Rs 254.64 Crore Company has reported net profit after tax of Rs 380.18 Crore in latest quarter. The company’s top management includes Dr.J J Irani, Mr.AKT Chari, Mr.Amitabh Chaudhry, Mr.Deepak Parekh, Mr.Gerry Grimstone, Mr.Keki M Mistry, Mr.Ketan Dalal, Mr.Norman Keith Skeoch, Mr.Prasad Chandran, Mr.Ranjan Mathai, Mr.Rushad Abadan, Mr.Sumit Bose, Mr.V K Viswanathan, Ms.Renu Sud Karnad, Ms.Vibha Padalkar. Company has Price Waterhouse Chartered Accountants LLP as its auditoRs As on 30-06-2018, the company has a total of 2,012,517,697 shares outstanding.