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
The Nifty Auto, Metal, and Pharma indices settled over 1 per cent lower each
HDFC Life Insurance reported a 5.89 per cent rise in its quarterly net profit to Rs 264.99 crore
Shares of Reliance Industries ended 2.4 per cent lower on Friday ahead of the announcement of its December quarter results. The shares have surged around 6 per cent during the week
Adani Green Energy and Adani Gas have rallied 50 per cent in the past month, as compared to a 10 per cent rise in the S&P BSE Sensex.
Strong premium income growth of SBI Life and HDFC Life in Q2 cements the Street's conviction, and at 27.4% VNB margin I-Pru Life surprises investors
Strong premium income growth of SBI Life and HDFC Life in Q2 cements the Street's conviction, and at 27.4 per cent, VNB margin I-Pru Life surprises investors
For this week, 11,500 - 11,600 has now become an important support zone
All that happened in the markets today
We are taking a balanced approach towards sectors and hence there is no big call on any particular sector, says Prasun Gajri, Chief Investment Officer, HDFC Life
HDFC Life Insurance Company is scheduled to declare its earnings for first quarter of this fiscal year 2020-21 later in the day
The NBP of life insurance companies contracted 10.46 per cent YoY in June as compared to decline 32.6 per cent and 25.4 per cent in April and May, respectively
ICICI Securities expects that in the semi-annual change in the Nifty50 constituents, SBI Life Insurance will enter the index, replacing Zee Entertainment (ZEEL).
All that happened in the markets today
HDFC Life Insurance Company will replace Anil Agarwal-controlled Vedanta in the benchmark index with effect from July 31.
On the results front, a total of 18 companies including Indiabulls Housing Finance are scheduled to announce their results today
At floor price, the OFS can fetch over Rs 1,400 crore