HDFC Life Insurance Company Ltd sees good buying support

HDFC Life Insurance Company Ltd is quoting at Rs 589.9, up 1.2% on the day as on 12:49 IST on the NSE. The stock is up 49.68% in last one year as compared to a 11.63% gain in NIFTY and a 27.33% gain in the Nifty Financial Services index.

Dec 13, 2019 07:12 IST capital market

HDFC Life Insurance Company Ltd rose for a third straight session today. The stock is quoting at Rs 589.9, up 1.2% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.75% on the day, quoting at 12061.85. The Sensex is at 40961.46, up 0.94%. HDFC Life Insurance Company Ltd has added around 0.61% in last one month.

Meanwhile, Nifty Financial Services index of which HDFC Life Insurance Company Ltd is a constituent, has added around 3.41% in last one month and is currently quoting at 14292.9, up 0.91% on the day. The volume in the stock stood at 12.94 lakh shares today, compared to the daily average of 29.75 lakh shares in last one month.

The PE of the stock is 87.66 based on TTM earnings ending September 19.

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