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ICICI Prudential Life Gets Buy Call from JM Financial with Target of ₹650


Insurance And Capital Markets

ICICI Prudential, JM Financial, Target

The attention of Insurance & Capital Market focuses on ICICI Prudential Life when JM Financial boosts its target price to ₹650 while giving a BUY recommendation.

The financial analysts from JM Financial now support buying ICICI Prudential Life Insurance Stock at a target price of ₹650 instead of their previous recommendation at ₹630. The Insurance & Capital Market space considers ICICI Prudential Life as a strong player in its segment with appealing market values and better profit margins while the share price currently stands at ₹580.5.

ICICI Pru Life released Q4 FY25 consolidated total income of ₹15,870.35 crore which increased by 237% compared to the previous quarter while operating as a major large-cap firm with ₹84,732.65 crore market capitalization. The insurer demonstrated a 31% reduction in its yearly performance. Net profit stood at ₹385.28 crore.

The Insurance & Capital Market analysts expressed positive sentiments about the firm's performance because of both profitable margin results along with anticipated improvements in FY26. The current stock valuation indicates 1.5x FY27e EV price which presents a lower expense than what HDFC Life and SBI Life charge for their shares.

The promoter owns 73.01% of ICICI Pru Life Insurance while FIIs hold 12.78% and DIIs maintain 9.39% ownership. ICICI Pru Life maintains its position as an important investment in Insurance & Capital Market with 145 crore trading shares based on its stable performance trajectory. JM Financial predicts the insurance company will experience a 57 bps margin increase in FY26 representing a positive outlook toward the business growth prospects.

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