Bernstein initiates coverage on these 8 insurance and AMC stocks; check out target
As the domestic benchmark indices hit fresh record highs, global brokerage Bernstein has initiated coverage on many asset management companies (AMC) and insurance companies. (DISCLAIMER: The views and investment tips expressed by investment experts on zeebiz.com are their own and not those of the website or its management. zeebiz.com advises users to check with certified experts before taking any investment decisions.)
Brokerage recommendations
From SBI Life to Nippon AMC check out what the brokerage recommends.
SBI Life
SBI Life
The brokerage gave an 'outperform' rating on SBI Life and gave a target of Rs 2,270.
Max Financial
Max Financial
The brokerage initiated coverage with an 'outperform' rating and gave the target of Rs 1,350.
HDFC Life
HDFC Life
By initiating coverage with an 'outperform' rating, the brokerage gave a target of Rs 810.
LIC
LIC
With an 'outperform' rating, the brokerage gave the target of Rs 1,190.
ICICI Prudential Life Insurance
ICICI Prudential Life Insurance
By initiating coverage with an 'underperform' rating, the brokerage gave a target of Rs 590.
PB Fintech
PB Fintech
With an 'outperform' rating, the brokerage gave the target of Rs 1,720.
HDFC AMC
HDFC AMC
By initiating coverage with an 'outperform' rating, the brokerage gave a target of Rs 4,950.
Nippon AMC
Nippon AMC
With an 'outperform' rating, the brokerage gave the target of Rs 680.
Minister Nitin Gadkari urges FM to withdraw GST on life, medical insurance premiums
Minister Nitin Gadkari urges FM to withdraw GST on life, medical insurance premiums
In a development on the insurance sector, Union Minister of Road Transport and Highways Nitin Gadkari has requested Finance Minister Nirmala Sitharaman to withdraw the 18 per cent goods and services tax (GST) on life and medical insurance premiums.