HDFC Life Insurance Co. Ltd. (HDFCLIFE) Gets a Buy from Jefferies

In a report released on March 27, Prakhar Sharma from Jefferies maintained a Buy rating on HDFC Life Insurance Co. Ltd., with a price target of INR725.00. The company’s shares closed last Friday at INR609.80.
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Sharma covers the Financial sector, focusing on stocks such as HDFC Life Insurance Co. Ltd., ICICI Prudential Life Insurance Co. Ltd., and Nuvama Wealth Management Limited. According to TipRanks, Sharma has an average return of 2.7% and a 46.77% success rate on recommended stocks.
Currently, the analyst consensus on HDFC Life Insurance Co. Ltd. is a Strong Buy with an average price target of INR875.50.
Based on HDFC Life Insurance Co. Ltd.’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of INR294.7 billion and a net profit of INR5.48 billion. In comparison, last year the company earned a revenue of INR269.3 billion and had a net profit of INR4.79 billion