HDFC Life Insurance Co is currently trading at Rs. 515.10, up by 14.75 points or 2.94% from its previous closing of Rs. 501.40 on the BSE.
The scrip opened at Rs. 520.15 and has touched a high and low of Rs. 525.00 and Rs. 512.10 respectively. So far 40261796 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 646.40 on 31-Oct-2019 and a 52 week low of Rs. 339.15 on 23-Mar-2020.
Last one week high and low of the scrip stood at Rs. 540.30 and Rs. 490.00 respectively. The current market cap of the company is Rs. 104310.48 crore.
The promoters holding in the company stood at 63.69%, while Institutions and Non-Institutions held 27.15% and 9.16% respectively.
HDFC Life Insurance Company’s promoter — Housing Development Finance Corporation (HDFC) has sold 2.6 crore shares of the company worth a little over Rs 1,274 crore through an open market transaction. According to bulk deal data available with the BSE, the shares were offloaded on an average price of Rs 490.22 apiece, valuing the transaction at Rs 1,274.57 crore. At the end of the March 2020 quarter, HDFC held 51.44% stake in the company.
HDFC Life Insurance Company is one of the leading life insurance companies in India offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings & Investment and Health, along with Children’s and Women’s Plan.