ICICI Pru share price: Buy ICICI Prudential, target price Rs 605: Chandan Taparia
The current market price of ICICI Prudential Life Insurance Company is Rs 579.5. Time period given by analyst is Intra Day when
price can reach defined target.
ICICI Prudential Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 82934.69 Crore) operating in Financial Services sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 735.33 Crore, up 17.88 % from last quarter Total Income of Rs 623.78 Crore and down -25.55 % from last year same quarter Total Income of Rs 987.71 Crore. Company reported net profit after tax of Rs 62.51 Crore in latest quarter.
Investment Rationale
Higher highs from the last six sessions and breakout on weekly frame
Promoter/FII Holdings
Promoters held 73.5 per cent stake in the company as of Dec 30, 2020, while FIIs held 16.3 per cent, DIIs 4.7 per cent and public and others 5.5 per cent.
(Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.)
Source link