ICICI Prudential Life Insurance Co. Ltd. (ICICIPRULI) Gets a Buy from Jefferies

In a report released on March 27, Prakhar Sharma from Jefferies maintained a Buy rating on ICICI Prudential Life Insurance Co. Ltd., with a price target of INR655.00. The company’s shares closed last Friday at INR530.90.
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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.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for ICICI Prudential Life Insurance Co. Ltd. with a INR742.50 average price target.
Based on ICICI Prudential Life Insurance Co. Ltd.’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of INR253.96 billion and a net profit of INR3.01 billion. In comparison, last year the company earned a revenue of INR253.96 billion and had a net profit of INR2.24 billion