HDFC Life shares: Sell HDFC Life Insurance Company, target price Rs 485: Reliance Broking

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Broking has promote name on . with a target price of Rs 485. The present market price of is Rs 518.8.

HDFC Life Insurance Company Ltd., included within the 12 months 2000, is a Large Cap firm (having a market cap of Rs 109610.26 Crore) working in Financial Services sector.

HDFC Life Insurance Company Ltd. key Products/Revenue Segments embody Premiums Earned and Income From Investment for the 12 months ending 31-Mar-2022.

Financials

For the quarter ended 30-06-2022, the corporate reported a Consolidated Total Income of Rs 6807.43 Crore, down -61.88 % from final quarter Total Income of Rs 17856.00 Crore and down -54.22 % from final 12 months similar quarter Total Income of Rs 14871.13 Crore. Company reported internet revenue after tax of Rs 328.79 Crore in newest quarter.

Investment Rationale
Inching decrease after failed try and cross hurdle at 600. Expect to retest earlier swing low quickly.


Promoter/FII Holdings
Promoters held 51.52 per cent stake within the firm as of 30-Jun-2022, whereas FIIs owned 28.0 per cent, DIIs 6.58 per cent.

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