The Indian life insurance sector is on the cusp of significant growth, driven by a series of regulatory changes that are now providing more clarity and stability. Over the past few years, the industry has faced numerous challenges, such as new taxation rules on ULIPs and non-linked products, as well as revised surrender charges. While … Read more
Brokerages Jefferies and Kotak Institutional Equities have recommended a ‘Buy’ on HDFC Life Insurance Company, projecting a 20-28% upside. The optimism rides on its current business performance and growth outlook. Kotak has gone one step ahead and called HDFC Life a “conviction” buy. “We believe HDFC Life is set for pick-up in premium growth to … Read more
Jefferies’ Global Head of Equity Strategy Christopher Wood has picked food delivery app Zomato for his India long-only portfolio. The weight of the stock will be 4%. On the other hand, Wood has removed HDFC Life Insurance from the same. Zomato has also been added to the global long-only equity portfolio, which will be paid … Read more
Global brokerage JPMorgan maintained an overweight rating on , Credit Suisse initiated underperform rating on and Goldman Sachs maintained a buy on . We have collated a list of recommendations from top brokerage firms from ETNow and other sources: JPMorgan on HDFC Life: Overweight| Target Rs 680JPMorgan maintained an overweight rating on HDFC Life with … Read more