HDFC Life Stocks | Sandip Sabharwal: See value in 2 insurance stocks; no value in Bikaji Foods: Sandip Sabharwal
"When a sector is no longer fancied, that gives an opportunity. Among the larger companies, does seem to have value as it has the potential of giving double digit returns over the next one year. ICICI Prudential Life also got sold out very substantially right from Rs 620-630 odd to Rs 460 in a straight line. At these prices, even there I see value," says Sandip Sabharwal asksandipsabharwal.com The insurance space has been doing nothing for the longest time. has been one such idea which has been around the Rs 600 mark. Do you finally think it is time for the insurance space to breakout because fundamentally, the space is quite under penetrated? Actually the under penetration story and growth story was always the story in insurance and it is not a new story. It is just that over the last one or two years, people have realized that the kind of value accretion that people thought could happen in the insurance companies is not happening and that has led to moderation in the va...