Dec 22 2023, 04:56
4 life and 1 general insurance with potential up to 32%:
The awareness and the need to have insurance on which companies had been spending tons of money got created without them spending even a penny, due to covid. But it came with its set of problems, more claims, more requirements of capital. Then came changes in tax laws, which was another big blow.
Before looking at the insurance sector as an investment opportunity certain things need to be cleared because sometimes it is a narrative which is going on the street which makes expectations high and when they are not met then investors end up making the wrong decision both at the time of buying and selling. First, a large market size does not mean that players will see all the growth in the short term, it might be a long term play when it comes to overall growth of the markets.
There is a world of difference between macro and micro factors which impact the bottomline of a life, non life and health insurance player. Painting them with the same brush is not good for a portfolio. After the announcement of changes in tax law early this year, all insurance stocks were hit
For non life insurance right from automobile sales to industrial growth is what matters. For life insurance companies, what matters is awareness about the need to have insurance, tax incentives given by the government are more important than anything else.
Insurance Stocks - Upside
Potential
Dec 20, 2023
Search in table
Company Name
ICICI Prudential Life
Avg Score
4
Reco
Buy
Analyst Count
31
Upside
32.7
Potential%
Inst Stake % 15.7
1Y Returns 14.9
%
Market Cap 74,852
Rs Cr
Company Name
LIC of India
Avg Score 8
Reco
Buy
Analyst
15
Count
Upside Potential%
32.2
Inst Stake % 0.7
1Y Returns 8.1
%
Market Cap 502,015 Rs Cr
Company Name
Max Financial Services
Avg Score
7
Reco
Buy
Analyst Count
16
Upside Potential%
29.8
Inst Stake % 81.7
1Y Returns 34.5
%
Market Cap 33,228 Rs Cr
Company Name
HDFC Life
Avg Score 5
Reco
Buy
Analyst Count
32
Upside
Potential%
24.6
Inst Stake % 24.1
1Y Returns 14.0
%
Market Cap 143,191 Rs Cr
Company Name
ICICI Lombard General Insurance
Avg Score
6
Reco
Buy
Analyst Count
21
* Upside 21.4
Potential%
Inst Stake % 32.4
1Y Returns 15.5 %
Market Cap 70,962 Rs Cr
source: et
Dec 22 2023, 04:56
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