REVERSE HEAD AND SHOULDER PATTERN
MOVING AVERAGE
9 DAYS MOVING AVERAGE: RED LINE
21 DAYS MOVING AVERAGE: BLUE LINE
SUPER TREND: BUYING SIGNAL
Joint venture between HDFC Ltd and Standard Life Aberdeen.
Established in the year 2000.
The company has 37 individuals and 13 group products in its portfolio.
HDFC Life has 390 branches.
The partnerships done by the company are around 300 which includes NBFCs, MFIs and SFBs.
Tied up with 270 partners for selling credit protect policies.
Leader in product innovation, marketing and technology.
India has a life insurance penetration of less than 3%.
Let’s have a complete understanding of HDFC life insurance share price.
Table of Contents
BUSINESS ANALYSIS OF HDFC LIFE INSURANCE SHARE PRICE
HDFC Life Insurance Company Limited is a joint venture between HDFC Ltd and Standard Life Aberdeen.
Standard Life Aberdeen is a global investment company while HDFC Ltd is India’s leading housing finance institution.
HDFC Life Insurance Company was established in 2000.
HDFC Life is a leading long term life insurance solutions provider in India.
The company has 37 individuals and 13 group products in its portfolio.
The partnerships associated with HDFC life are 300 which includes NBFCs, MFIs and SFBs.
KEY BUSINESS POINTS
HDFC Life Insurance company has the highest margins of about 26% new business margins.
Due to diversified products, HDFC life has the ability to tackle the cyclicality of capital markets.
The company has tied up with 270 partners (Micro finance Institutions, Small Finance banks, banks) for selling credit protect policies.
It is the leader in product innovation, marketing and technology.
HDFC Life Insurance company has an established market position within the life insurance industry.
The company has a robust risk management framework across all its product segments.
It follows a strategy of prudent pricing and dynamic repricing of new business.
India has a life insurance penetration of less than 3%.
A great opportunity for HDFC Life Insurance company to expand their business as there is favorable demographics, rising prosperity, and growing household income in India.
Now, coming to the financials of the HDFC life insurance share price.
FINANCIAL KEY METRICS
The Market Capitalization of HDFC life insurance share is ₹ 135,718 Cr.
The HDFC life insurance share has a price to earnings ratio of 115 which is higher than the industry price to earnings ratio of 82.1.
The return on capital employed of the HDFC life insurance share is 17.7% which is satisfactory and shows that the company is providing decent returns on the capital invested in it.
The return on equity of HDFC life insurance share is 15.4% showcasing the company’s strong return on the investment done by their investors.
The debt to equity ratio of HDFC life insurance share is 0.07 which is almost negligible.
FINANCIAL ANALYSIS OF HDFC LIFE INSURANCE SHARE PRICE
For the quarter ended 30-06-2021, HDFC life insurance share reported a sales of Rs 14,786 Cr.
The sales of the company is down by 22% from last quarter sales of Rs 19,186 Cr.
The net profit of HDFC life insurance share was Rs 270 Cr in the latest quarter ended 30-06-2021.
The earning per share of the company is Rs 1.33.
SHARE HOLDING SYNOPSIS
PROMOTERS – 53.84%.
FIIs – 26.06%.
DIIs – 5.87%.
PUBLIC – 14.21%.
This is a brief overview of the financials of the HDFC life insurance share which shows the dominance in their respective market.
Now, let’s deep dive into the technical of HDFC life insurance share price.
CHART PATTERN ANALYSIS
If we take a closer look on the chart in a daily time frame, there is a formation of reverse head and shoulder pattern.
For HDFC life insurance share price there are 2 targets as stated in the above image.
HDFC life insurance share is trading in a channel and the share has given a breakout in the month of March 2021 which indicates that the operators have tried to make this stock a bullish one, but they failed in their attempt.
The HDFC life insurance share price on 18th August 2021 is Rs 671 which would definitely change in the upcoming future.
MOVING AVERAGE
For HDFC life insurance share price analysis, we are taking 9 days and 21 days moving average.
In the history of HDFC life insurance share, whenever the 9 days moving average crosses the 21 days moving average there is a change in the trend of the share.
The 9 days and 21 days moving average are trading quite near to each other so once the 9 days moving average crosses from the psychological support of 21 days moving average, we’ll be able to see a massive uptrend.
The red line indicates the 9 days moving average while blue shows the 21 days moving average.
SUPER TREND
When we take a closer look at the 15 min time frame, the Super trend is suggesting a buying signal.
Lesser the timeframe more the number of signals and faster buy or sell recommendations are attained through super trend indicators.
This is the right time to enter HDFC life insurance shares to attain maximum profits.
DISCLAIMER:
Bottom of this page contains the disclaimer.