HDFC Life Share Price: Buy HDFC Life Insurance Company, Target Price Rs 605: ICICI Direct

ICICI Direct has a buy call on HDFC Life Insurance Company Ltd. with a target price of Rs 605. The current market price of HDFC Life Insurance Company is Rs 574.3. The time period given by the analyst is Intra Day when the price of HDFC Life Insurance Company Ltd. can achieve the set goal.

HDFC Life Insurance Company Ltd., incorporated in 2000, is a large capitalization company (having a market capitalization of Rs 119285.77 Crore) operating in the financial services sector.

The main products/revenue segments of HDFC Life Insurance Company Ltd. include the amount transferred from the policyholder’s account, interest, dividends and rents and profit/loss on the sale/redemption of investments for the year ending March 31, 2021.


For the quarter ended 31-12-2021, the company reported consolidated total revenue of Rs 14,410.36 Crore, down -30.35% from last quarter Total revenue of Rs 20,689.53 Crore and down by -47.60% compared to the same quarter last year Total revenue of Rs 27,498.74 Crore. The company reported a net profit after tax of Rs 275.28 Crore last quarter.

Investment rationale
Forming a higher base at the 50-day EMA and daily MACD in buy mode

Promoter/Fii Holdings
The promoters held 53.77% of the company’s capital as of December 31, 2021, while the FIIs held 30.78% and the DIIs 5.76%.

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