Tuesday, 21 May 2019
BREAKING NEWS

Buy ICICI Prudential Life Insurance Company, target Rs 369: Dr CK Narayan – Economic Times

Dr CK Narayan of Chart Advise has a buy call on ICICI Prudential Life Insurance Company Ltd. with a target price of Rs 369. The current market price of ICICI Prudential Life Insurance Company Ltd. is Rs 354.75 Time period given by the analyst is Intra Day when ICICI Prudential Life Insurance Company Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 354. ICICI Prudential Life Insurance Company Ltd., incorporated in 2000, is a largecap company with a market cap of Rs 50927.36 crore.

ICICI Prudential Life Insurance Company Ltd. key Products/Revenue Segments include Other Services which contributed Rs 1131.54 Crore to Sales Value (62.99 % of Total Sales), Interest which contributed Rs 374.07 Crore to Sales Value (20.82 % of Total Sales) and Income From Sale Of Share & Securities which contributed Rs 290.63 Crore to Sales Value (16.17 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 31-03-2018, the company has reported a Consolidated sales of Rs 444.50 Crore, down -9.42 % from last quarter Sales of Rs 490.75 Crore and up 7.25 % from last year same quarter Sales of Rs 414.46 Crore Company has reported net profit after tax of Rs 340.26 Crore in latest quarter. The company’s top management includes Mr.Anup Bagchi, Mr.Dileep Chinubhai Choksi, Mr.Dilip Karnik, Mr.M S Ramachandran, Mr.N S Kannan, Mr.Puneet Nanda, Mr.R K Nair, Mr.Raghunath Hariharan, Mr.Sandeep Batra, Mr.Sandeep Sakhshi, Mr.V Sridar, Mr.Vinod Kumar Dhall, Ms.Chanda D Kochhar. Company has Walker Chandiok & Co. LLP as its auditoRs As on 30-09-2018, the company has a total of 1,435,566,481 shares outstanding.

Source: https://economictimes.indiatimes.com/markets/stocks/recos/buy-icici-prudential-life-insurance-company-target-rs-369-dr-ck-narayan/articleshow/66614129.cms

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