Buy HDFC Life Insurance Company, target price Rs 670: Emkay Global

Buy HDFC Life Insurance Company, target price Rs 670: Emkay Global
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Synopsis

HDFC Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 117723.03 Crore) operating in Financial Services sector.

Agencies
Promoters held 53.77 per cent stake in the company as of 31-Dec-2021, while FIIs owned 30.78 per cent, DIIs 5.76 per cent.

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Emkay Global has buy call on HDFC Life Insurance Company with a target price of Rs 670. The current market price of HDFC Life Insurance Company is Rs 557.85. 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 117723.03 Crore) operating in Financial Services sector.

HDFC Life Insurance Company Ltd. key Products/Revenue Segments include Amount transferred from Policyholder Account, Interest, Dividend & Rent and Profit/Loss on Sale/Redemption of Investments for the year ending 31-Mar-2021.


Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 14410.36 Crore, down -30.35 % from last quarter Total Income of Rs 20689.53 Crore and down -47.60 % from last year same quarter Total Income of Rs 27498.74 Crore. Company reported net profit after tax of Rs 275.28 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 53.77 per cent stake in the company as of 31-Dec-2021, while FIIs owned 30.78 per cent, DIIs 5.76 per cent.
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