HDFC Life's acquisition of Exide Life Insurance last week has brought back the focus on insurance sector plays. Are they a good bet at the current levels? Here's what charts say
Move will augment the embedded value of HDFC Life by 10%
Former gets exit from a non-core capital-intensive business as well as liquidity; merger synergies for latter likely between 12-15 months
The BSE MidCap index closed 0.35 per cent higher after hitting a new peak of 24,454 in the intra-day deals
ICICI Pru became the third insurance company to cross Rs 1 trillion market cap after HDFC Life and SBI Life.
On the other hand, HDFC Life was down 4 per cent at Rs 728.55 on the BSE on profit booking
The board will meet on Friday, September 3, 2021 to consider issue of equity shares and / or other securities of the Company by way of preferential allotment
A clear breakdown on price action and chart patterns may lead to slide in these stocks
The company said it has settled around 70,000 claims in Q1FY22
Regulators should allow the life insurance firms to sell pension and indemnity based health policies, as it will lead to greater penetration of insurance, HDFC Life chairman Deepak Parekh said
HDFC AMC is currently hovering just near its 21 and 50 DEMA and far above the long-term exponential moving average (200 DEMA), suggesting inherent strength in the counter
A total of 100.8 million shares were sold in two tranches at Rs 672 and Rs 673; names of buyers couldn't be ascertained
Standard Life will divest 3.46 per cent or 70 million shares in HDFC Life Insurance Company on Tuesday
HDFC Life on Wednesday announced a bonus of Rs 2,180 crore to its policyholders subscribing to participating insurance plans.
We advise traders to lighten up positions at higher levels and it's better to take one step at a time for the time being
HDFC Life has formed a strong base after hovering in a narrow range for nearly a month and looks set to reverse the short-term downtrend
Analysts expect SBI Life stock to outperform peers over the next one-two years, riding on the stock growth prospects for the sector
Analysts at Kotak Institutional Equities believe HDFC Life's rich valuation caps its upside
23% rise in net premium; Rs 41 cr Covid reserve last year completely used up to settle claims
While on one hand the Budget proposed to increase the FDI limit in the sector to 74 per cent, it also proposed to levy capital gains tax on ULIPs rendering insurance an unattractive investment option