Buy HDFC Life Insurance; target of Rs 820: KR Choksey
Fri, Jan 17, 2025 9:50 PM

Buy HDFC Life Insurance; target of Rs 820: KR Choksey

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HDFC Life Insurance's Q3FY25 results showed 11.6% YoY growth in Gross Written Premium, driven by broad-based growth, although lagging estimates. Value of New Business grew 9.1% YoY, while PAT rose 13.7% YoY. KR Choksey lowers FY26E and FY27E estimates, but maintains a BUY rating with a target price of INR 820 per share.

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