ICICI Prudential Life Insurance Company shares hiked around 2% on Tuesday morning after the global brokerage house – Morgan Stanley managed to maintain an overweight rating on a stock with target price INR 425 indicating 33% potential upside. This company reported a growth of 3% for December 2018.
The global brokerage house Morgan Stanley expects muted premium compounded annual growth rate of 6% over FY18-21 and a higher Value of new business (VNB) CAGR of 20%. ICICI Prudential Life Insurance company will announce its earnings for the 4th quarter ended in Dec-20188 on 22nd January 2018.
At 03:59 PM, 8th January 2019, the share price was quoting INR 324.45 up INR 4.50 or 1.41%.
About ICICI Prudential Life:
ICICI Prudential Life started its journey in the year 2001 and since then offering long term savings and protection products to meet the requirements of customers. As of 31st March 2018, the Assets Under Management was INR 1,395.3 billion.