ICICI Prudential Life Insurance Company Ltd.
Fundamental views:
1. ICICI Prudential Life Insurance Co. carries on business of providing life insurance, pensions and health insurance products to individuals and groups.
2. Company is almost debt free.
3. Company has been maintaining a healthy dividend payout of 26.77%
4. Stock is trading at 8.97 times its book value.
5. Company gives outstanding sales growth above 30% from last 5 years.
6. ROE is 19% from last 5 years.
7. Unpledged promoters holding is 73.4%
Technical views:
1. Stock traded near previous buying zone of 550.
2. True strength indicator after crossing the '0' level it takes support there.
3. Daily RSI traded near 40 level still in the buying zone.
4. 520-533 is the strong support level on weekly chart.
According to me, fundamentals of the stock are good. Technically, stock is traded near support level.
For short term prospective stock, Risk reward is favourable. For a swing trader 520 is a key level. one can enter with a target of 650 and Stop loss will be 520.
Risk reward is 1:3.
Disclaimer: I am not SEBI registered. This is my personal view only for educational purpose. I might have this stock in my portfolio. Please do research your own or consult with your financial advisor before investing and trading.
