Emkay sees the possibility of draft commission regulations being released this month with some emphatic provisions toward curbing the predatory commission practices by dominant distributors.
SMC Global said that Mphasis is attempting a constructive turnaround on the daily charts, supported by an emerging strong support near the demand zone where stock has built a triple bottom pattern.
Religare has assigned a 'Buy' rating on RIL, with a target price of Rs 1,600, implying a potential upside of 16.4 per cent.
Emkay Global said ICICI Pru Life delivered a largely in-line performance, led by 5 per cent decline in APE. VNB margin came at 24.5 per cent, higher than the estimated 24.2 per cent. T
Select buzzing stocks including YES Bank, HDFC Bank, IREDA, Quess Corp, Mazagon Dock- shall be under the spotlight in the new week as the Indian stock markets kick-off for trading on Tuesday.
Union Budget 2025: The Budget is anticipated to bring forth reforms to bolster the expansion and reach of the insurance industry in India.
HDFC Life Share Price: Nomura India, which had downgraded HDFC Life to neutral in Q2 due to expected impact of surrender value in Q3, said the current valuation captures the negatives adequately. This brokerage upgraded the HDFC Life stock to 'Buy'.
According to a regulatory filing by AU Small Finance Bank, the central bank issued a letter on January 3, 2025, permitting HDFC Bank and its affiliated companies (including HDFC Mutual Fund, HDFC Life Insurance, HDFC Pension Management, HDFC ERGO General Insurance, and HDFC Securities) to collectively acquire up to 9.5 percent of AU SFB's paid-up share capital or voting rights.
HDFC Life shares dropped 3.4 per cent to eventually closed at Rs 657.60 on BSE. HDFC Life said the news flash was based on rumours and speculation and that it categorically stated that the information mentioned was inaccurate.
HDFC Life and Max Life are expected to react more favourably to the fresh development. Nomura said the IRDAI decision is expected to mitigate ambiguity within the sector and could prompt a positive upswing.
HDFC Life has broken out of a consolidation phase, marked by a 'Rounded Bottom' pattern at the Rs 629 level, indicating a positive bias on the daily charts.





