Neutral on HDFC Life, target price Rs 730: Motilal Oswal

Motilal Oswal has neutral call on HDFC Life Insurance Company with a target price of Rs 730. The current market price of HDFC Life Insurance Company Ltd. is Rs 680.7. 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 137484.82 Crore) operating in Financial Services sector.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 584.85 Crore, up 103.34 % from last quarter Total Income of Rs 287.62 Crore and up 2.33 % from last year same quarter Total Income of Rs 571.56 Crore. Company reported net profit after tax of Rs 319.06 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 58.9 per cent stake in the company as of March 31, 2021, while FIIs held 26.3 per cent, DIIs 6.6 and public and others 9.2 per cent.