Time period given by analyst is Intra Day when HDFC Life Insurance Company Ltd. price can reach defined target.
HDFC Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 152701.92 Crore) operating in Financial Services sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 395.46 Crore, down -32.38 % from last quarter Total Income of Rs 584.85 Crore and down -12.61 % from last year same quarter Total Income of Rs 452.50 Crore. Company reported net profit after tax of Rs 269.55 Crore in latest quarter.
Investment Rationale
The stock has resumed an uptrend after breaking out of a narrow consolidation phase due to good volumes. Technical indicator RSI has turned upwards after taking support at the 60-level suggesting strength in the stock.
Promoter/FII Holdings
Promoters held 58.9 per cent stake in the company as of March 31, 2021, while FIIs held 25.7 per cent, DIIs 6.3 per cent and public & others 9.2 per cent.
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