Antique keeps ‘Buy’ on Union Bank, HDFC Life and ICICI Prudential after Q1FY27; sees 26% to 45% upside

AI Market Summary
Antique Stock Broking reaffirmed positive views on select Indian financials after Q1FY27 results, citing earnings resilience, stable asset quality and improving business momentum. Union Bank benefited from margin expansion and lower costs, while HDFC Life and ICICI Prudential Life showed steady premium growth and margin discipline. The news is stock-specific and signals supportive fundamentals for lenders/insurers, with limited broader cross-asset implications.
Impact level
● Low
Affected assets
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● Neutral
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Antique Stock Broking reiterated ‘Buy’ calls on Union Bank of India, HDFC Life Insurance and ICICI Prudential Life Insurance after their Q1FY27 results, citing earnings beats, stable asset quality and improving business momentum. Union Bank reported profit after tax of Rs 5,332 crore, up nearly 30% year-on-year. HDFC Life posted 9% year-on-year growth in both annualised premium equivalent and value of new business, according to Antique Stock Broking.