ICICI Prudential's inexpensive valuation drive Buy rating with fair value of Rs. 650

25 July 2022

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ICICI Prudential Life Insurance (ICICIPRULI)


  • Inexpensive valuation drives Buy rating with a fair value of Rs. 650.


  • Margins continue to expand.


  • Agency channel growth remains strong.


  • Persistency improving in most buckets.


  • Operating return on embedded value of ~16-17% over the medium term.


Note: The above is a brief note on the company, based on the inputs of the KIE research report dated 18th July 2022, which is available on our website at https://www.kotaksecurities.com/ksweb/ResearchCall/Fundamental.     

Disclaimer: http://bit.ly/2n5AxIE

https://www.kotaksecurities.com/ksweb/research/kotak-research-reports/top-weekly-picks

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Looking to invest in HOME FIRST FINANCE (HOMEFIRST) and other Indian stocks? Open your NRI Demat Acc

Home First (HFFC) reported 24% earnings growth, with 19% net interest income growth in Q2FY25

30 December 2024
Home First Finance (HOMEFIRST) Home First remains consistent on operational and financial parameters. Home First (HFFC) reported 24% earnings growth, with 19% net interest income growth in Q2FY25. Gross stage-3 ratio was flat qoq at 1.7%, stage-2 ratio declined 6 bps qoq to 1.1%. While other asset classes have reported mixed trends residential home loans, as an asset class, continues to stand tall. Home First, with 85% home loan exposure, is well-placed on the above. We expect the company to deliver 25% earnings CAGR for FY25-27E. We remain assertive with a BUY rating and FV of Rs1,360 (no change). Note: The above is a brief note on the company, based on the inputs of KIEresearch report dated 25111Oct, 2024, which is available onour website at: https://www.kotaksecurities.com/ksweb/ResearchCall/Fundamenta1. Disclaimer: http://bit.ly/2n5Ax1E https://www.kotaksecurities.oom/ksweb/research/kotak-research-reports/top-weekly-picks
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