Yes Securities upgrades stance on life insurance space; sees 40% upside in ICICI Prudential
Updated : June 12, 2020 01:15 PM IST
The brokerage upgraded its rating on HDFC Life from 'reduce' to 'add'
The brokerage also raised its long term value of new business (VNB) growth forecasts for the insurance space.
As per the brokerage ICICI Prudential has attractive valuations and is currently trading at a steep discount to peers like SBI Life and HDFC Life.