phone image +91 22 68948500, 68948500

Comfort Securities Limited

Comfort Securities Limited

Open an A/C Open an A/C
Apply Now Online IPO

 

Detailed News

HDFC Life Insurance shares gains 4% after huge block deals
03-Jun-20   10:26 Hrs IST

Shares of HDFC Life Insurance moved higher by 4% to Rs 520, bouncing back 6% from its intraday low on the BSE on Wednesday after more than 1% equity of the life insurer changed hands via block deals.

At 09:40 am, around 26.2 million equity shares, representing 1.3% of total equity of HDFC Life Insurance, changed hands through block deals on the BSE, the exchange data shows. The name of buyers and sellers were not ascertained immediately.

In March 27, 2020, UK's Standard Life, one of the promoters of the company, had sold 50 million shares, or 2.5% ownership, in HDFC Life Insurance for Rs 2,200 crore through open market transactions. Shares were sold at Rs 441 per share on the BSE. As of March 31, 2020, Standard Life held 247.3 million or 12.25% stake in HDFC Life, the shareholding pattern data shows.

At 09:56 am, the stock was trading 2.5% higher at Rs 512, against 0.87% rise in the S&P BSE Sensex. It opened at Rs 500 and hit a low of Rs 490 so far.

For the quarter ended March 2020, HDFC Life Insurance reported a 17% decline in pre-tax profit to Rs 284.47 crore as compared to Rs 345.28 in the same period last year. Net profit declined 14% to Rs 311.65 crore, from Rs 364.68 crore in the same period last year, on account of loss in investment income and higher provisions.

Net premium stood at Rs 10,476 crore in Q4FY20, up 2.19% from Rs 10,251 crore in Q4FY19. The value of new business (VNB) margin, a measure of profitability, rose 24.3%. For the entire financial year, it stood at 25.9%.
  • OUR group Companies
  • Go
  • IMPORTANT LINKS
  • Go
  • QUICK LINKS
  • Go
SEBI Single Regn. No. : BSE / NSE / MSMI - INZ000192537  |   CDSL Reg. No :  IN-DP-CDSL-438-2008                                                                                                                           Filing complaint on SEBI SCORES
Copyright © 2016 All rights reserved Comfort Securities Ltd.
Designed, Developed and content powered by CMOTS Infotech(ISO 9001:2015 certified)
Attention Investors ::
"No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investors account.   |    Kyc is one time exercise while dealing in securities markets:- Once KYC is done through a SEBI Registered Intermediary(Broker DP Mutual Fund etc.) you need not undergo the same process again when you approach another Intermediary.” “ Prevent Unauthorized Transaction in your Trading/Demat account. Update your Mobile Numbers/Email IDs with your Stock Broker/Depository Participant. Receive alerts/information of your transaction/all debit and other important transactions in your Trading/Demat account Directly from Exchange/CDSL at the end of the day. Issued in the Interest of Investors. 
1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 01, 2020. 2. Update your email id and mobile number with your stock broker / depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. 3. Check your securities / MF / bonds in the consolidated account statement issued by NSDL/CDSL every month. .......... Issued in the interest of Investors