Buy ICICI Prudential, target price Rs 575: Motilal Oswal

Motilal Oswal has buy call on ICICI Prudential Life Insurance Company with a target price of Rs 575. The current market price of ICICI Prudential Life Insurance Company Ltd. is Rs 483.4.

ICICI Prudential Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 70603.36 Crore) operating in Financial Services sector.

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 623.78 Crore, up .06 % from last quarter Total Income of Rs 623.39 Crore and up 13.63 % from last year same quarter Total Income of Rs 548.96 Crore. Company reported net profit after tax of Rs 304.30 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 73.5 per cent stake in the company as of Dec 30, 2020, while FIIs held 16.3 per cent, DIIs 4.7 per cent and public and others 5.5 per cent.