Kotak Institutional Equities has reiterated its “buy” rating on HDFC Life, assigning a target price of ₹850. This implies a potential upside of 38% from the current market price of ₹617.30.
The brokerage highlighted that HDFC Life’s business fundamentals remain strong, with growth supported by robust bancassurance partnerships. Management expressed confidence in the company’s current momentum and growth trajectory, positioning HDFC Life and the private sector as well-placed for steady growth in the coming years.
While regulatory concerns continue to dominate the market’s mindshare, Kotak believes these challenges do not detract significantly from the long-term growth potential of HDFC Life.
Disclaimer:
This article is for informational purposes only and does not constitute financial advice. Please consult a qualified financial advisor before making investment decisions.
