Religare Retail Research is bullish on HDFC Life Insurance Company has recommended buy rating on the stock with a target price of Rs 779 in its research report dated July 24 2023.

Buy HDFC Life Insurance Company; target of Rs 779: Religare Retail Research

The net premium income of the insurer came in at Rs 11,479 crores, up 16.5 percent from Rs 9,847 crores in the year-ago quarter.

HDFC Life Insurance Q1 result: Net profit rises 15% to Rs 415 crores

The top gainers on the NSE at 12:05 pm are ​Bajaj Auto ​(3.17%); ​Divi’s Laboratories ​(2.62%); ​ITC ​(2.55%) ​HDFC Life Insurance ​(2.53%); and ​Hero Motocorp ​(2.38%). The top losers are ​HDFC​; ​HDFC Bank​; ​Tata Consumer Product​; ​Eicher Motors​; and ​Apollo Hospitals​.The ₹405-crore initial pu…

Sensex, Nifty Live updates: Indices end flat; market capitalisation of Indian cos crosses ₹300 lakh crore for the first time

Gautam S Adani and Rajesh S Adani, on behalf of SB Adani Family Trust, held 59.13 crore shares or 51.87 percent stake in the company as of March 2023

HDFC buys additional shares of HDFC Life Insurance; promoters offload stake in Adani Enterprises, Adani Green Energy

HDFC has also acquired 1.49 crore equity shares, or 0.69 percent, in HDFC Life Insurance via open market transactions at an average price of Rs 667.1 per share, which amounted to Rs 992.64 crore.

HDFC, HDFC Bank rise after clarification on merger date

According to bulk deal data available with the NSE, promoter HDFC bought a total of 1,48,80,000 shares of HDFC Life.

HDFC Buys HDFC Life Insurance Shares Worth Over Rs 992 Crore

HDFC Life shares rallied nearly 6 percent to Rs 667 on the NSE, continuing the uptrend for the second straight session

HDFC buys shares worth Rs 992.64 crore in HDFC Life Insurance; WWD Ruby exits Sapphire Foods India

The deal comes just days before the merger of HDFC with its banking subsidiary HDFC Bank. HDFC chairman Deepak Parekh on Tuesday said the merger will be effective July 1.

HDFC buys 0.7% stake in HDFC Life Insurance for Rs 993 cr ahead of merger with HDFC Bank

HDFC Bank, ONGC, Adani Enterprises Ltd, ICICI Bank, Adani Ports & SEZ , NTPC, Coal India, and HDFC Life Insurance are expected to witness inflows

NSE Index rebalancing | HDFC Bank, ONGC, Adani Enterprises, ICICI Bank set to see inflows of $125mn: Nuvama

ICICI Prudential is the second insurance firm to get a GST demand notice in recent days. Last week, HDFC Life Insurance received a demand notice for Rs 942 crore

ICICI Prudential trades flat after getting Rs 492-crore GST notice

Stocks to watch out for today: YES Bank, Godrej Properties, Ipca Laboratories, Asian Paints, Rail Vikas Nigam, Cambridge Technology Enterprises, AU Small Finance Bank, HDFC Life Insurance Company and more

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Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

HDFC Life Insurance Company provides various individual and group insurance solutions across India such as term insurance plan, women's plan, health insurance plans, pension plans for retirement planning, child education plans, ULIPs etc