HDFC Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 144563.63 Crore) operating in Financial Services sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 287.62 Crore, down -19.97 % from last quarter Total Income of Rs 359.41 Crore and up .07 % from last year same quarter Total Income of Rs 287.42 Crore. Company reported net profit after tax of Rs 263.44 Crore in latest quarter.
Investment Rationale
The stock is on the verge of a breakout from a consolidation Triangle pattern neckline placed at 721. A successful breakout on healthy volumes will trigger a resumption of the uptrend. Further, the stock has been making higher highs and higher lows confirming bullishness. The RSI has turned higher after taking support at the neutral level of 50, suggesting a strong up move is in action.
Promoter/FII Holdings
Promoters held 60.4 per cent stake in the company as of Sept 30, 2020, while FIIs held 23.4 per cent, DIIs 7.3 per cent and public and others 8.8 per cent.
