HDFC Life reports Q1 results; should you buy, sell or hold?
Global brokerages have revised their stance on HDFC Life after the company reported its Q1 results. Here is what brokerages recommend. (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.)
Morgan Stanley
Morgan Stanley
By maintaining an 'overweight' rating the brokerage raised the target to Rs 790 from Rs 745.
Macquarie
Macquarie
The brokerage maintained a 'neutral' rating and gave the target of Rs 560.
Citi
Citi
By maintaining a 'buy' rating, Citi raised the target to Rs 735 from Rs 710.
CLSA
CLSA
CLSA maintained an 'outperform' rating and gave the target of Rs 700.
Goldman Sachs
Goldman Sachs
The brokerage maintained 'buy' on HDFC Life and raised the target to Rs 765 from Rs 730.
Jefferies
Jefferies
By iterating a 'buy' Jefferies gave a target of Rs 750.
HSBC
HSBC
With a 'buy' call, HSBC raised its target to Rs 760 from Rs 750.