Nippon Life India Asset Management Ltd led the gainers, climbing 7.06 per cent to Rs 925.95. HDFC Asset Management Company Ltd surged 5.26 per cent to Rs 2,674.95.
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.
SBI Life Insurance Company Ltd declined 1.2 per cent to Rs 1,763.70. ICICI Prudential Life Insurance Company Ltd edged 0.41 per cent lower at Rs 599.25. LIC also fell 0.48 per cent to Rs 900.85.
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
Nuvama Institutional Equities has revised its ratings for key asset management companies including CAMS, HDFC AMC and NAM India, amid challenging market conditions.
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'.
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 Q4: The company posted a 14.76 per cent jump in its fourth-quarter profit (Q4 FY24 PAT), at around Rs 412 crore, from Rs 359 crore in the year-ago period.
HDFC Life shares were trading 3.16 per cent higher at Rs 623.60. The stock has de-rated from 5 times one-year forward EV in March 18 to 2.5 times in March 2024. The de-rating coincided with the prevailing competition.
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