Should you buy/sell/hold HDFC Life shares?

ZeeBiz WebTeam

Jul 16,2024

Should you buy/sell/hold HDFC Life shares?

HDFC Life Insurance's Q1 FY25 financial results largely met analysts' estimates. While its PAT grew 15% to Rs 478 crore, its net premium income increased 9% to Rs 12,510 crore. Here's how brokerages rate the life insurer's after the earnings.

HSBC maintains 'buy' 

The brokerage has raised its target price for HDFC Life shares to Rs 760 from Rs 750 per share. 

Citi retains 'buy'

The brokerage has revised its target for the stock to Rs 735 from Rs 710.

Jefferies keeps 'buy' rating on HDFC Life

The brokerage has maintained its target at Rs 750.

Jefferies maintains 'buy'

According to the brokerage, the insurer delivered a strong set of Q1 results led by sustained momentum in its equity AUMs.

Goldman Sachs maintains 'buy'

The brokerage has raised its target by Rs 35 to Rs 765, citing in-line earnings.

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