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HDFC Life Insurance Company surges despite weakness over Dalal Street
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HDFC Life Insurance Company is currently trading at Rs. 712.45, up by 5.25 points or 0.74% from its previous closing of Rs. 707.20 on the BSE.
The scrip opened at Rs. 681.25 and has touched a high and low of Rs. 714.00 and Rs. 681.25 respectively. So far 101259 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 722.05 on 01-Aug-2024 and a 52 week low of Rs. 511.10 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 722.05 and Rs. 681.25 respectively. The current market cap of the company is Rs. 152611.98 crore.
The promoters holding in the company stood at 50.37%, while Institutions and Non-Institutions held 37.87% and 11.76% respectively.
HDFC Life Insurance Company has reported 15% rise in its net profit at Rs 477.65 crore for the first quarter ended June 30, 2024 (Q1FY25) as compared to Rs 415.34 crore for the same quarter in the previous year. Net premium income of the company increased by 8.97% at Rs 12509.62 crore for Q1FY25 as compared Rs 11479.82 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 14.94% rise in its net profit at Rs 478.97 crore for the quarter ended June 30, 2024 as compared to Rs 416.71 crore for the same quarter in the previous year. Net premium income of the company increased by 9.04% at Rs 12548.42 crore for Q1FY25 as compared Rs 11507.89 crore for the corresponding quarter previous year.
