HDFC Life Insurance Stock Edges Lower After Reporting March Quarter Results

HDFC Life Insurance Stock Edges Lower After Reporting March Quarter Results [ad_1]

<!–

–>

HDFC Life Insurance Stock Edges Lower After Reporting March Quarter Results

HDFC Life Insurance was final buying and selling 3.58 per cent decrease at Rs 679.50 on the BSE.

Share Price of HDFC Life Insurance edged decrease by round 4 per cent on Tuesday, April 27, after reporting its January-March quarter outcomes for the monetary 12 months 2020-21. On Tuesday, HDFC Life Insurance opened on the BSE at Rs 710, touching an intra day excessive of Rs 719, and an intra day low of Rs 678, within the buying and selling session to this point. HDFC Life Insurance Company reported a consolidated revenue of Rs 319.06 crore within the fourth quarter of fiscal 2020-21. The firm’s internet premium revenue elevated to Rs 12,869.55 crore from Rs 10,475.95 crore within the year-ago interval.

The worth of the brand new enterprise or VNB went up 14 per cent to Rs 2,185 crore, on the again of constant development, balanced product combine, in addition to price efficiencies. These elements helped in translating to new enterprise margin of 26.1 per cent.

Leading brokerage agency Motilal Oswal stated in its report that HDFC Life Insurance stays centered on sustaining a balanced product combine throughout its enterprise, with an emphasis on product innovation, in addition to superior customer support.

”However, within the close to time period, the Non-PAR and PAR segments are more likely to see wholesome development, whereas ULIP additionally continues to get better. However, we stay watchful of the impression of lockdown introduced in numerous key states as a result of resurgence in COVID-19 circumstances. Overall, we estimate VNB margins to mirror steady traits and estimate working RoEV to stay wholesome at 18% over FY23E,” stated Motilal Oswal in its report.

Meanwhile, on the NSE, HDFC Life Insurance opened at Rs 711.05, touching an intra day excessive of Rs 719, and an intra day low of Rs 678, within the session to this point. On the NSE, it was final buying and selling 3.56 per cent decrease at Rs 679.35 apiece. 

HDFC Life Insurance was final buying and selling 3.58 per cent decrease at Rs 679.50 apiece on the BSE.

[ad_2]

Source link

#HDFC #Life #Insurance #Stock #Edges #Reporting #March #Quarter #Results

Related Articles

Stay Connected

3,000FansLike
1,200FollowersFollow
- Advertisement -

Latest Articles

%d bloggers like this: