Life insurance stocks to buy: Goldman Sachs maintains 'buy' rating on these 2 stocks; check new targets
Brokerage house Goldman Sachs has maintained its 'buy' ratings on these two insurance companies stocks for its investors.
Life Insurance Stocks to Buy: Goldman Sachs maintains 'buy' rating on these 2 stocks; check new targets
Banks have released their updates for the first quarter of FY25, which were not that strong. But insurance companies have seen strong growth. Premium figures for June have come, and here a good increase has been seen in the premiums of most of the companies.
Life Insurance companies' performance
There has been a strong increase of 21.8% (yoy) in SBI Life premium in June. LIC premium has seen a strong growth of 13.6% (yoy). Max Life premium has declined by 5.6% (yoy). At the same time, an increase of 17.3% (yoy) was seen in the premium of private insurers. And total NBP (New Business Premium) has increased by 14.8% (yoy).
Goldman Sachs picks
Meanwhile, brokerage house Goldman Sachs has maintained its 'buy' ratings on these two insurance companies stocks for its investors.
Goldman Sachs bullish on HDFC Life and SBI Life
Brokerage house Goldman Sachs is bullish on two insurance companies. Target has been increased with 'buy' rating on HDFC Life and SBI Life Insurance Company. The target on HDFC Life Insurance Company has been increased from Rs 710 to Rs 730. The target price on SBI Life has been increased from Rs 1,650 to Rs 1,740.
The views/suggestions/advice expressed here in this article are solely by the brokerage firm. Zee Business suggests its readers consult their investment advisers before making any financial decision.