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
Wednesday, 22 July 2020
ICICI Prudential rating: Retain ‘buy’ with fair value of Rs 500
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