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Buy HDFC Life Insurance Company, price target Rs 615: Shrikant Chouhan

The analyst suggested a stoploss at Rs 570

Updated: Dec 13, 2019, 08.18 AM IST
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Shrikant Chouhan of Kotak Securities Limited has a buy call on HDFC Life Insurance Company Ltd. with a target price of Rs 615.0 . The current price of HDFC Life Insurance Company Ltd. is Rs 582.95 Time period given by the analyst is Intra Day when HDFC Life Insurance Company Ltd. price can reach defined target. Shrikant Chouhan recommended to keep a stoploss at Rs 570 .

HDFC Life Insurance Company Ltd., incorporated in 2000, has a market cap of Rs 117650.27 crore.
HDFC Life Insurance Company Ltd. key Products/Revenue Segments include Amount transferred from Policyholder Account which contributed Rs 1206.90 Crore to Sales Value (74.71 % of Total Sales), Interest, Dividend & Rent which contributed Rs 304.90 Crore to Sales Value (18.87 % of Total Sales), Profit/Loss on Sale/Redemption of Investments which contributed Rs 114.13 Crore to Sales Value (7.06 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 225.06 Crore, down -37.53 % from last quarter Sales of Rs 360.26 Crore and down -5.19 % from last year same quarter Sales of Rs 237.38 Crore Company has reported net profit after tax of Rs 308.98 Crore in latest quarter.

The company’s top management includes Mr.Deepak S Parekh, Mr.James Aird, Mr.Keki M Mistry, Mr.Ketan Dalal, Mr.Norman K Skeoch, Mr.Prasad Chandran, Mr.Ranjan Mathai, Mr.Rushad Abadan, Mr.Sumit Bose, Mr.Suresh Badami, Mr.Vish Viswanathan, Ms.Bharti Gupta Ramola, Ms.Renu Sud Karnad, Ms.Vibha Padalkar. Company has Price Waterhouse Chartered Accountants LLP as its auditors. As on 30-09-2019, the company has a total of 2,017,672,019 shares outstanding.

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