HDFC Life Insurance share price: The stock was last seen trading higher than the 5-day, 20- and 50-day moving averages but lower than the 100-day and 200-day moving averages. The counter's 14-day relative strength index (RSI) came at 64.09. A level below 30 is defined as oversold while a value above 70 is considered overbought.
LIC vs HDFC Life Insurance: LIC stock has disappointed investors since its market debut. The shares of India's largest insurance company have slipped over 31 per cent below their listing price.
Shares of HDFC Life Insurance were in focus today after the insurance sector regulator IRDAI gave its final approval to merge Exide Life into the company. HDFC Life Insurance stock gained 2.5 per cent to Rs 533.45 against the previous close of Rs 520.65 on BSE. The stock has fallen 25 per cent in 2022 and lost 19.75 per cent in a year.Total 0.12 lakh shares of the firm changed hands amounting to a turnover of Rs 62.58 crore on BSE. Market cap of the firm rose to Rs 1.13 lakh crore on BSE.