Tuesday, 8 January 2019

ICICI Prudential Life Insurance Company Shares Gained 1.8 Percent

ICICI Prudential Life Insurance Company shares gained 1.8 percent in morning on Tuesday after global brokerage house Morgan Stanley maintained overweight rating on the stock with a price target at Rs 425, implying a 33 percent potential upside.

The life insurance company reported premium growth of 3 percent for December.

The global brokerage house expects muted premium compounded annual growth rate of 6 percent over FY18-21, but a higher VNB CAGR of 20 percent.


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