Jefferies ne 3 stocks ko flagged kiya: ICICI Pru, ICICI Lombard, Groww mein 27% gains ki umeed

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AuthorRiya Kapoor|Published at:
Jefferies ne 3 stocks ko flagged kiya: ICICI Pru, ICICI Lombard, Groww mein 27% gains ki umeed
Overview

Jefferies ne ICICI Prudential Life Insurance, ICICI Lombard General Insurance, aur Groww ko 'Buy' rating di hai. Unhone strong earnings visibility aur business diversification ka zikr kiya hai. Brokerage ko in select stocks par 27% tak ka upside dikh raha hai, jo ki naye business lines mein robust performance aur favourable market trends se driven hai.

Jefferies ne Indian Financials par bullish stance dikhaya hai.

International brokerage firm Jefferies ne teen prominent Indian companies: ICICI Prudential Life Insurance, ICICI Lombard General Insurance, aur Groww ke liye 'Buy' rating recommend ki hai. Firm ko significant upside potential dikh raha hai, aur unhone lagbhag 27% tak ke gains ka estimate lagaya hai, jo ki improving earnings visibility aur strategic business shifts se driven hai.

ICICI Prudential Life Insurance: Profitability par focus.

Jefferies ne ICICI Prudential Life Insurance Company par apni 'Buy' rating reiterate ki hai, target price ₹820 rakha hai. Ye current levels se 20% increase ka potential dikhata hai. Brokerage ne company ki strong December quarter profitability highlight ki, jismein Value of New Business (VNB) 19% year-on-year grow karke ₹600 crore ho gaya. Margins 24% rahe, jo estimates se thoda zyada hai.

Goods and Services Tax (GST) changes ke headwinds hone ke bawajood, ICICI Prudential ne in impacts ko offset karne mein manage kiya. Ye ek better product mix, yield curve ke benefits, aur stringent cost controls ke through kiya gaya. Retail protection mein 41% year-on-year growth dekha gaya, jo GST relief se boosted tha, jabki non-linked savings products mein 15% increase hua demand for guaranteed offerings ki wajah se.

Halanki, persistency ratios, khaas kar 13-month ratio, ek concern bane hue hain, jismein prolonged weakness embedded value ko impact kar sakti hai. Jefferies ne apne VNB estimates ko 3-4% upward revise kiya hai, FY26 aur FY28 ke beech 16% compound annual growth rate project kar rahe hain, jo stock re-rating drive kar sakta hai.

ICICI Lombard General Insurance: Growth Recovery ki umeed.

ICICI Lombard General Insurance ke liye bhi 'Buy' rating maintain ki gayi hai, target price ₹2,400 hai, jo lagbhag 27% upside suggest karta hai. December quarter ke results, one-off labor code-related costs ko account mein lene ke baad bhi, largely in line the. Quarter ke liye Earnings Per Share (EPS), ₹531 million ke one-off expenses se adjusted, Jefferies ke projections se 4% kam tha.

Profitability higher loss ratios se impacted thi, khaas kar motor insurance segment mein. Iske vipreet, retail health insurance ne robust growth dikhaya, jismein premiums 86% year-on-year surge hue GST exemptions ke baad. Ye positive momentum continue hone ki umeed hai.

Jefferies FY2027 mein improvement anticipate karta hai. Ye outlook ek zyada benign base, public sector insurers se kam competition, aur health insurance mein ongoing GST tailwinds se supported hai, jo premium growth aur potential stock re-rating drive karna chahiye.

Groww: Diversification se Upside mil raha hai.

Jefferies ne Groww par 'Buy' call initiate kiya hai, target price ₹195 hai, jo potential 20% gain reflect karta hai. Brokerage ke December quarter assessment mein note kiya gaya ki revenue aur adjusted Profit After Tax (PAT) expectations ko 12% aur 14% respectively exceed kar gaye. Ye beat primarily commodity trading aur margin trading facilities (MTF) se aayi stronger-than-anticipated revenues se led thi.

Commodities, margin funding, aur wealth management jaise naye ventures ab company ke performance mein significant contributions de rahe hain. Jabki cash equity order volumes muted rahe aur wealth management revenue growth previous run-rates se slow ho gaya, Jefferies optimistic hai. Firm forecast karti hai ki revenue aur PAT FY26-FY28 over 30% aur 35% respectively grow karenge, jo long-term growth drivers se underpinned hai.

Ye recommendations Jefferies ke un companies par focus ko underscore karti hain jo strong earnings visibility, favourable margin trends, aur successful business diversification dikha rahi hain, in factors ko short-term market fluctuations se zyada critical maan rahe hain.

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