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ICICI Prudential Life gains 7% on robust Q1 earnings; CLSA maintains 'buy' rating

Updated : July 25, 2019 02:18 PM IST

The company reported 27 percent growth (YoY) in value of new business (VNB) in the June quarter (Q1FY20).
The stock rose as much as 6.7 percent to Rs 408.15 per share on BSE.
CLSA sees better risk/reward and maintains a 'buy' rating with a rolled-forward target price of Rs 500
ICICI Prudential Life gains 7% on robust Q1 earnings; CLSA maintains 'buy' rating

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