Thursday, 23 May 2019
BREAKING NEWS

Buy ICICI Prudential Life Insurance Company, target Rs 380: Manas Jaiswal – Economic Times

Manas Jaiswal of manasjaiswal.com has a buy call on ICICI Prudential Life Insurance Company Ltd. with a target price of Rs 380. The current market price of ICICI Prudential Life Insurance Company Ltd. is Rs 362.5. Time period given by the analyst is Intra Day when ICICI Prudential Life Insurance Company Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 352. ICICI Prudential Life Insurance Company Ltd., incorporated in 2000, is a largecap company with a market cap of Rs 52047.19 crore.

ICICI Prudential Life Insurance Company Ltd. key Products/Revenue Segments include Amount transferred from Policyholder Account which contributed Rs 1089.21 Crore to Sales Value (59.56 % of Total Sales), Interest, Dividend & Rent which contributed Rs 419.34 Crore to Sales Value (22.93 % of Total Sales), Profit/Loss on Sale/Redemption of Investments which contributed Rs 322.14 Crore to Sales Value (17.61 % of Total Sales)for the year ending 31-Mar-2018.

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 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.V Sridar, Ms.Vibha Paul Rishi. Company has Walker Chandiok & Co. LLP as its auditoRs As on 31-12-2018, the company has a total of 1,435,784,481 shares outstanding.

Source: https://economictimes.indiatimes.com/markets/stocks/recos/buy-icici-prudential-life-insurance-company-target-rs-380-manas-jaiswal/articleshow/68681260.cms

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