HDFC Life Insurance Company Ltd. shares up 2.32% as Nifty gains

NEW DELHI: Shares of HDFC Life Insurance Company Ltd. traded 2.32 per cent up in Wednesday's trade at 10:21AM (IST). Around 27,882,220 shares changed hands on the counter.

The counter opened at Rs 502.9 and touched an intraday high and low of Rs 519.7 and Rs 490.0, respectively, in the session so far. Shares of the company of HDFC Life Insurance Company Ltd. quoted a 52-week high of Rs 646.4 and a 52-week low of Rs 339.15.

Total market cap of the HDFC Life Insurance Company Ltd. stood at Rs 102968.81 crore at the time of writing this report.


Key Financials
The company reported consolidated net sales of Rs 464.25 crore for the quarter ended 31-Mar-2020, up 170.02 per cent from previous quarter's Rs 171.93 crore and up 4.85 per cent from the year-ago quarter's Rs 487.93 crore.

The net profit for latest quarter stood at Rs 311.65 crore, down 14.54 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2020, DIIs held 4.45 per cent stake in the firm, while foreign institutional investors held 21.07 per cent and the promoters 51.44 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 79.36 and a price-to-book ratio of 18.24. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

HDFC Life Insurance Company Ltd. belongs to the Insurance - Life industry.