Buy ICICI Prudential, target price Rs 675: Motilal Oswal

Motilal Oswal has buy call on ICICI Prudential Life Insurance Company with a target price of Rs 675. The current market price of ICICI Prudential Life Insurance Company Ltd. is Rs 613.3. Time period given by analyst is one year when ICICI Prudential Life Insurance Company Ltd. price can reach defined target.

ICICI Prudential Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 88463.19 Crore) operating in Financial Services sector.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 735.33 Crore, up 17.88 % from last quarter Total Income of Rs 623.78 Crore and down -25.55 % from last year same quarter Total Income of Rs 987.71 Crore. Company reported net profit after tax of Rs 62.51 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 73.5 per cent stake in the company as of March31, 2021, while FIIs held 16.5 per cent, DIIs 4.3 per cent and public and others 5.7 per cent.