Today, the shares of HDFC Life Insurance Company jumped by 1.4% to Rs 618 for the fifth trading session.

On the BSE, 2.06 lakh shares were traded compared to the average daily volumes of 1.15 lakh in the previous two weeks.

On January 18, 2022, the stock hit a 52-week high of Rs 679.05, while the stock hit a 52-week low of Rs 497.30 on March 8, 2022. The stock outperformed the market over December 2022, rising 5.3% compared with a 4.78% slip in the Sensex.

The scrip outperformed the market in the past quarter, surging 16.7% against Sensex’s 2.77% rise.

However, the counter underperformed the market in 2022, declining 4.47% against a 0.39% increase in the Sensex.

On the daily chart, the stock was trading above its 50-day simple moving average (SMA), placed at 565.90; 100-day simple moving average (SMA), set at 558.48 and 200-day simple moving average (SMA), placed at 557.56. 

The company had insurance solutions providers in India, group insurance solutions and offering a range of individuals that meet various customer needs such as a pension, protection, investment, savings, annuity and health.

The insurance company’s net profit (consolidated) jumped by 19.3% to Rs 329.02 crore on an 11.9% rise in total income to Rs 23,170.03 crore in July-September of  FY23 over July-September  FY22.