Buy ICICI Prudential Life Insurance Company, target Rs 369: Dr CK Narayan

INSUBCONTINENT EXCLUSIVE:
Dr CK Narayan of Chart Advise has a buy call on ICICI Prudential Life Insurance Company Ltd
with a target price of Rs 369
The current market price of ICICI Prudential Life Insurance Company Ltd
is Rs 354.75 Time period given by the analyst is Intra Day when ICICI Prudential Life Insurance Company Ltd
price can reach the defined target
Dr CK Narayan recommended to keep stoploss at Rs 354
ICICI Prudential Life Insurance Company Ltd., incorporated in 2000, is a largecap company with a market cap of Rs 50927.36 crore. ICICI
Prudential Life Insurance Company Ltd
key Products/Revenue Segments include Other Services which contributed Rs 1131.54 Crore to Sales Value (62.99 % of Total Sales), Interest
which contributed Rs 374.07 Crore to Sales Value (20.82 % of Total Sales) and Income From Sale Of Share Securities which contributed Rs
290.63 Crore to Sales Value (16.17 % of Total Sales)for the year ending 31-Mar-2017
For the quarter ended 31-03-2018, the company has reported a Consolidated sales of Rs 444.50 Crore, down -9.42 % from last quarter Sales of
Rs 490.75 Crore and up 7.25 % from last year same quarter Sales of Rs 414.46 Crore Company has reported net profit after tax of Rs 340.26
Crore in latest quarter
The company’s top management includes Mr.Anup Bagchi, Mr.Dileep Chinubhai Choksi, Mr.Dilip Karnik, Mr.M S Ramachandran, Mr.N S Kannan,
Mr.Puneet Nanda, Mr.R K Nair, Mr.Raghunath Hariharan, Mr.Sandeep Batra, Mr.Sandeep Sakhshi, Mr.V Sridar, Mr.Vinod Kumar Dhall, Ms.Chanda D
Kochhar
Company has Walker Chandiok Co
LLP as its auditoRs As on 30-09-2018, the company has a total of 1,435,566,481 shares outstanding.