Business insurance

ICICI Prudential shares: Buy ICICI Prudential Life Insurance Company, target price Rs 535: Kotak Securities

Kotak Securities Limited has a buy call with a target price of Rs 535.

The current market price of . is Rs 512.5.

ICICI Prudential Life Insurance Company Ltd., incorporated in 2000, is a large capitalization company (having a market capitalization of Rs 73872.29 Crore) operating in the financial services sector.

The main products/revenue segments of ICICI Prudential Life Insurance Company Ltd. includes financial services revenue and other operating revenue for the year ending March 31, 2022.


For the quarter ended 30-09-2022, the company reported a consolidated total revenue of Rs 23,111.85 Crore, up 47.14% from the previous quarter. Total revenue of Rs 15,707.72 Crore and down -1.49% from the same quarter last year. Total income of Rs 23461.85 Crore. . The company reported a net profit after tax of Rs 200.12 Crore last quarter.

Investment rationale
A range breakout is seen with a bullish engulfing candlestick pattern as well as rising volumes.

Promoter/Fii Holdings
The promoters held 73.4% of the company’s capital as of June 30, 2022, while the FIIs held 16.13% and the DIIs 5.08%.

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