HDFC Life shares rose 6% in early trade on June 16 following strong commentary from top management.
“We have typically grown at a rate that is 1.8x to 2x that of the private sector and slightly higher as a multiple of the overall industry.”That is how we are transitioning from being an average ticket size target sector to greater penetration.”
- The insurer’s market share increased there as well, with a 25 percent increase, which was double that of the private sector. The number of policies increased by double digits in May 2023.
- In a filing with the BSE on June 15, the business stated, “On June 14, 2023, the stakeholders relationship committee of the board allotted 35,226 equity shares to the eligible option holders pursuant to their exercise of stock options under various employee stock option schemes.”
The company’s paid-up equity share capital after the allotment was “Rs 21,49,67,94,560 comprising 2,14,96,79,456 equity shares of face value of Rs 10 each.”
The HDFC Life Insurance Company Ltd shares was trading 5.65 percent higher on the NSE at Rs 610.80 at 2:04 p.m.
HDFC Life Insurance Company Ltd stock has returned 6.22 percent over the previous six months, compared to 2.68 percent for the Nifty.
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