Today's Top Gainer
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At the end of the September quarter, Standard Life (Mauritius Holdings) 2006 held 19.69% stake in HDFC Life Insurance Company.
The HDFC Life counter registered volume of 10.79 crore shares on BSE, a 568.79-fold spurt over two-week average daily volume of 1.90 lakh shares. The stock reported volume of 2.36 crore shares on the NSE.
The stock fell as much as 5.79% to hit an intraday low of Rs 575 at the onset of trading session. It immediately rebounded from the days low and hit a record high of Rs 639.40 in intraday today. The stock hit a 52-week low of Rs 345 on 28 Jan 2019.
On 14 August 2019, Standard Life (Mauritius Holdings) 2006 sold 6.71 crore shares, or 3.33% stake, of HDFC Life at an average price of Rs 480.70. About 1.41 crore shares, or 0.70% equity, were bought by Capital World Growth And Income Fund at an average price of Rs 480.38.
HDFC Life Insurance Companys consolidated net profit rose 7.27% to Rs 308.98 crore on 9.99% increase in net premium income to Rs 7456.87 crore in Q2 September 2019 over Q2 September 2018.
HDFC Life Insurance Company provides various individual and group insurance solutions across India.
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