The fall in the Niva Bupa share price came after the company said that it has received communication from an anonymous sender who claims to have the customer data of Niva Bupa
Technically, this Rakesh Jhunjhunwala-backed stock is seen headed towards its monthly trend line support; break of the same can invite a further fall at the counter. Check key levels here.
The insurer's VNB margin, a measure of profitability for life insurance companies, remained at 26.9 per cent in Q3 FY25, compared to 27.4 per cent in the corresponding period a year ago.
Nomura, which previously downgraded the stock to Neutral in Q2FY25 due to concerns about surrender value impact, slowing growth, and higher valuations, has now upgraded its rating to 'Buy'
In one month, the stock prices of ICICI Prudential, HDFC Life and SBI Life have fallen between 6 per cent and 10 per cent, as against the 2 per cent decline in BSE Sensex
The fall in insurer's share price came after the company announced that the Insurance Regulatory and Development Authority of India (Irdai) has issued a show cause notice for violating norms
According to the latest data, HDFC Life distributes 65 per cent of its insurance policies through banking channels, followed by SBI Life (60 per cent), Max Life (52 per cent), and ICICI Prudential
Star Health, ICICI Lombard, ICICI Pru Life, SBI Life and HDFC Life stocks have zoomed up to 28% so far in the September quarter. Time to keep track of these key pivot points as per technical charts.
Technical charts suggest that bias for insurance shares, barring Star Health, remain upbeat; hence, these stocks could see up to 12 per cent further upside from current levels.
The stock of life insurance company was trading higher for the third straight day, and has rallied 11 per cent after the company reported a strong performance in June quarter (Q1FY25).
The implementation of Ind-AS 117 and its assumptions on liability and other insurance-related changes in regulations could be a future cause of concern
Insurance stocks to buy: In the immediate future, analysts said the revised surrender charges regulations, as and when they are announced, will be vital for growth trajectory in FY25
Go Digit stock: Go Digit's valuation at FY26E P/E of 49.6x and P/B of 5.9x seems to be building-in an optimistic outlook and ignoring the challenges, Emkay Global said
Indian life insurance industry, excluding LIC of India, Nuvama said, commands an impressive aggregate equity assets under management (AUM) of nearly Rs 4.5 trillion, Nuvama said
