, part of the life insurance industry, has fallen more than 28 per cent from its September 2021 highs which effectively places the stock in the bear grip. The technical setup suggests that the stock may see some more selling pressure; hence, short-term traders can look at selling the stock now for a target of … Read more
Global brokerage JPMorgan maintained an overweight rating on , Credit Suisse initiated underperform rating on and Goldman Sachs maintained a buy on . We have collated a list of recommendations from top brokerage firms from ETNow and other sources: JPMorgan on HDFC Life: Overweight| Target Rs 680JPMorgan maintained an overweight rating on HDFC Life with … Read more
The insurance industry has witnessed a shift from unit-linked plans toward non-linked plans. Non-linked businesses contributed 80% to the new business premium of the industry. What does this trend mean for the bottom line of insurance companies?Nearly every industry was affected by the Covid-19 pandemic, and each one has responded differently. Additionally, it has brought … Read more
SBI Life’s June quarter results cheered investors and sent the stock soaring 10 per cent in Friday’s trade. Analysts said the numbers were stellar on all counts be it growth or margins. bucked the trend of slowdown seen at peers in terms of growth in annual premium equivalent (APE) and retail protection APE. Among key … Read more
Benchmark equity indices ended the week on a positive note, thanks to buying during the early half of the week. However, the gains were cut short by reversal on Friday as traders dumped financial stocks ahead of the RBI meeting. It was the third consecutive week of gain for the Indian equity market, led by … Read more
MUMBAI: Life insurers saw new business premiums (NBP) climb more than a fourth in September, pointing to a quick revival in an industry that’s crucial for helping finance long-gestation and capital-intensive assets. In September, NBP of life insurers saw a robust 26.5% increase at Rs 25,366.32 crore against the same period last year, led by … Read more