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HDFC Life Insurance Company Limited (HDFCLIFE.NS)
| Previous close | 555.05 |
| Open | 559.50 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 549.60 - 561.95 |
| 52-week range | 549.60 - 710.60 |
| Volume | |
| Avg. volume | 5,071,323 |
| Market cap | 1.188T |
| Beta (5Y monthly) | 0.75 |
| PE ratio (TTM) | 75.35 |
| EPS (TTM) | 7.33 |
| Earnings date | 19 Jul 2024 - 23 Jul 2024 |
| Forward dividend & yield | 2.00 (0.36%) |
| Ex-dividend date | 20 Jun 2024 |
| 1y target est | 451.25 |
- Reuters
India's HDFC Life Insurance reports weaker new business margin for FY 2024
India's HDFC Life Insurance Company reported a decline in new business margin for the last financial year on Thursday, pressured by rising customer preference for low-margin products over high-value policies. The value for new business (VNB), the expected profit from new policies, fell 4.7% to 35.01 billion rupees ($419.3 million) for the year ended March 31, dragging VNB margin to 26.3% from 27.6% a year earlier. The continued decline in high-value policies due to the government's move to tax total returns and a rising share of low-margin unit-linked insurance plans (ULIPs) will lead to compressed VNB margins for life insurers, analysts said.
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ReutersIndian insurers to lead bids for Reliance Industries' mega bond issue - bankers
Reliance Industries' upcoming bond issue, touted to be the second-biggest for an Indian firm, will see strong demand from insurers, with aggressive bidding enabling the conglomerate to borrow at rates that just top the sovereign yield, several merchant bankers said. In February, HDFC raised 250 billion rupees via 10-year bonds at 7.97% coupon, making it the biggest bond issue by an Indian company. "Reliance's longer-tenor bond issue is very attractive and we expect around 50%-70% of the issue size to be taken up by LIC, and another 10%-20% by a state-run provident fund house," a banker aware of the development said.
