HDFC Securities recommends buying these 4 largecap and 1 midcap insurance stocks; check targets
Stocks to buy for long term: Seeing the wide potential, the insurance industry offers, the brokerage has recommended 5 stocks for buying.
Stocks to buy for long term: As policymakers target inclusive coverage (Insurance for All) over the next two decades, the US$53bn Indian insurance sector presents a compelling long-term investment thesis, underpinned by structural under-penetration (FY24: 3.7%),favourable demographics, and increasingly enabling regulatory environmentthat anchor our key themes: affordability, accessibility, digital-first businesses,and composite licensing. The brokerage initiate with buy call on PB Fintech, Bajaj Finance and Niva Bupa. We initiate with an ADD on GODIGIT, and LICI, it added.
PB Fintech share price target
The brokerage has suggested buying the stock for a price target of Rs 2,280.
Bajaj Finance share price target
The brokerage has suggested buying the stock for a price target of Rs 2,430.
SBI Life Insurance share price target
The brokerage has suggested buying the stock for a price target of Rs 2,100.
Niva Bupa share price target
The brokerage has suggested buying the stock for a price target of Rs 105.
ICICI General Insurance share price target
The brokerage has suggested buying the stock for a price target of Rs 2,210.