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RVNL, Swiggy, and NTPC Green are set to join AMFI's largecap list, while IDBI Bank and NHPC may drop to midcap status, according to Nuvama's projections for the first half of 2025. CG Power, Rail Vikas Nigam, and Indus Towers are also expected to transition to largecap, with the largecap cut-off projected to rise to approximately Rs 99,200 billion.
ICICI Prudential Life Insurance reported a Q2FY25 VNB margin of 23.4%, down 458 bps YoY, attributed to a shift towards unit-linked products and macroeconomic factors. Despite a 21.4% YoY growth in total APE, the credit life segment faced challenges, prompting the addition of ten new financial partners. The target price remains at INR 750 per share, maintaining a "HOLD" rating.
ICICI Prudential Life Insurance Co reported stronger-than-expected premium income growth, driven by a healthy retail segment, although margins were impacted by elevated commission costs and higher ULIP sales. The company is adapting to new regulatory norms and aims for absolute VNB growth. Currently trading at 2.2/2.0/1.7x P/EV of its FY25/26/27E embedded value, a Buy rating is maintained with a target price of Rs 893, valuing the company at 2.3x its FY26E embedded value.
Analysts are optimistic about Zomato, while Morgan Stanley has reduced the target price for M&M Financial Services. HSBC and Jefferies both issued buy calls on ICICI Prudential Life Insurance, with target prices set at ₹850 and ₹860 per share, respectively, citing strong VNB growth and premium performance despite some challenges.
ICICI Prudential Life Insurance Company Limited
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
amfi largecap list may include swiggy ntpc green and rvnl
Hyundai Motor Company
ICICI Prudential Life Insurance Company Limited
Cummins Inc.
Info Edge (India) Limited
IND
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11:08 29.11.2024
ICICI Prudential Life Insurance maintains hold rating with target price of 750
07:16 25.10.2024
ICICI Prudential Life Insurance reports strong premium growth maintains buy rating
05:31 24.10.2024
analysts optimistic on zomato while m and m financial target cut
04:33 23.10.2024
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