ICICI Prudential rating: Retain ‘buy’ with fair value of Rs 500

We expect ICICI Prudential Life to deliver 4% y-o-y decline in VNB in FY2021E despite 19% y-o-y decline in APE, reflecting expansion in VNB margin of 410 bps to 25.8%.

from The Financial Express https://ift.tt/2WLOvAA
https://ift.tt/eA8V8J Kotak Institutional Equities