Top bets for Jefferies this week- HDFC Life, DMart, Dalmia
This is a start of the new week and earnings season has kickstarted. So what should be your top stock bets? Here is a look at some of the top recommendations from Jefferies-
HDFC Life Insurance
Jefferies sees 28% upside potential in HDFC Life Insurance Company and recommended ‘Buy’ with an upside target of Rs 800 in its report. “Forward-looking trends are more encouraging as wallet share in HDFC Bank has risen to 65% already, sales from agency can improve & other banca partners are growing. This should lift growth in premiums from the 2nd half of FY24 to 17-20% (ex-one time in Mar-23) & can sustain over next 2yrs as well, ” said Jefferries in its report.
The stock price of HDFC Life Insurance Company gained 1.10% in the last five days, fell 4.88% in the last one month, and gained 17.67% in the last six months and 19.80% in the last one year.
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