The new week will see Sensex hitting between 74966 to 72666

MUMBAI: Despite persistent selling in stocks by foreign institutional investors came to a halt over the weekend, Sensex hit new all-time highs of 73,994 and Nifty at 22,419 on the back of heavy buying by domestic institutional investors in stocks against marginal buying. In the global markets, although the US inflation numbers at the end of the week do not give any indication of a short-term reduction in the interest rate, the indication that there is no immediate possibility of an interest rate hike has given a recovery in the global markets, which has also been supported by the market. Of course, the biggest positive factor is India's surprise GDP growth of 8.4 percent before the Lok Sabha elections. This is seen as a major effort to attract foreign funds to Indian markets by making foreign investors realize that the Indian economy is capable of rapid growth and that there are ample opportunities for development. However, as many small and mid-cap stocks are still overvalued in terms of valuation, the regulatory authority SEBI last week asked the asset managers of mutual funds to inform investors of the risks associated with their funds urgently in the event of any unexpected negative factor, in the event of a possible shock in the market in the coming days. It has been announced that precautionary measures have been taken so that people do not wash the fish. Of course, after taking these precautionary measures, the GDP figures immediately gave the market a U-turn and brought it into a stormy boom. Local funds are currently driving the market to new highs with fresh investments in stocks, but as the overvaluation factor still remains, it is equally advisable to keep cash on hand by booking profits in stocks that have risen exceptionally high. Caution should be exercised in following bullish stocks except in selected stocks. Sensex, Nifty based market may set new highs in the coming days by showing new highs. However, if any global factor suddenly breaks the color of the boom in this boom, it will be advisable at this stage to adopt a strategy to take the opportunity of good stocks in any possible correction by relaxing the overbought position so as not to regret being stuck at that time. In the new week, Sensex can be seen hitting between 74966 to 72666 and Nifty spot between 22666 to 2066.

Through Arjun's Eyes : HDFC LIFE INSURANCE COMPANY LTD.

BSE (540777), NSE (HDFCLIFE), Rs.10 Paid-Up Established in 2000 HDFC LIFE INSURANCE COMPANY LIMITED (HDFC LIFE INSURANCE COMPANY LIMITED) caters to various customer requirements like protection, pension, savings, investment, annuity and health. According to is a leading provider of long term life insurance solutions in individual and group insurance solutions in India. The company has more than 60 products and optional riders in term insurance, investment plans, retirement and pension plans, ULIP plans, health insurance and life insurance, including individual and group products. Promoted by Housing Development Finance Corporation Limited-HDFC Limited and Aberdeen (Mauritius Holdings) 2006 Limited (formerly Standard Life-Mauritius Holdings) 2006 Limited, a global investment company. After the amalgamation of HDFC Limited with HDFC Bank, HDFC Bank became the promoter of HDFC Life with effect from 1 July 2023. Along with this, HDFC Bank has become the sole promoter of the company from December 12, 2023, as Aberdeen also moved from promoter category to public category as per SEBI regulation.

Network : HDFC Life has its own branches and additional distribution touch-points across the country. The company has over 345 distribution partnerships including banks, NBFCs, MFIs, SFBs, brokers and new ecosystem partners. The company has added over 50,000 agents in the first nine months of FY2024, reaching over nine lakh agents and becoming the second largest agency among private life insurers. The company has announced tie-ups with Karnataka Bank, Karur Vysya Bank and NKGSB Co-operative Bank in new bancassurance partnerships. The company operates through 498 branches and 48 digital branches in India.

Awards: Awarded 2023 by Avatar & Ceramount as 100 Best Companies for Women in India, 2nd Annual Technology Excelland Awards 2023, 3rd BFSI & Fintech Awards 2022 Golden Peacock Award for Excelland in Corporate Governance 2023, ABBY Award, Govafest 2023 Winner of HDFC Life Insurance Company Assets under administration i.e. AUM at the end of December 2023 stood at Rs.2,79,700 crore with 6.82 crore people insured.

Market Share: The company has been achieving higher growth than the industry average market share growth. HDFC Life has achieved 16.5 percent growth in FY2023 against the industry average growth of 10.8 percent. The company's market share, which was 7.2 percent in FY 2019, has increased by 1.5 times to 10.8 percent in FY 2023. Along with this, the company has been consistently number one in group business among private entrepreneurs for the last five years.

Share Holding Pattern:

Promoters HDFC Bank Limited has 50.37 percent, mutual funds have 4.46 percent, SBI Mutual Fund has 2.11 percent, insurance companies have 1.43 percent, foreign portfolio investors have 31.27 percent, Kamas Investment Pte Ltd. has 1.70 percent, Capital World Growth and Income Fund has 1.88 percent, Government of Singapore has 2.76 percent. Out of 4.68 percent held by corporate bodies, Exide Industries Limited holds 4.05 percent. While individual share capital holders up to Rs.2 lakh have 4.73 percent.

Financial Results:

(1) Full year April 2022 to March 2023 :

Revenue increased to Rs.70,827.71 crore from Rs.65,358.37 crore Net profit rose to Rs.1368.28 crore from Rs.1207.69 crore Earnings per share EPS increased from Rs.5.91 to Rs. 6.41 has been achieved.

(2) First nine months April 2023 to December 2023 :

Income in nine months increased by 47 percent to Rs.72,995.76 crore compared to Rs.49,357.20 crore Net profit increased to Rs.1162.44 crore compared to Rs.1062.44 crore Nine monthly earnings per share Rs.4 73 has increased to Rs.5.40.

(3) Expected full year April 2023 to March 2024 :

Earnings expected to be Rs.1,02,265 crores and net profit of Rs.1602.10 crores and earnings per share expected to be Rs.7.4 crores.

(4) Expected full year April 2024 to March 2025 :

Expected full-year revenue of Rs.1,05,356 crore, net profit of Rs.2542 crore and earnings per share of Rs.11.8 expected.

Thus (1) The author has no investment in the shares of the above company. Authors may have direct or indirect personal vested interests in research sources. CONSULT A QUALIFIED INVESTMENT FINANCIAL ADVISOR BEFORE MAKING ANY INVESTMENT DECISION. Author, Gujarat Samachar or any other person shall not be responsible for any possible loss on investment.(2) Promoters holding 50.37% of HDFC Bank (3) Leading among private insurance companies with 10.8% market share (4) Various customer requirements Providing long-term life insurance solutions in individual and group insurance solutions in India as per requirements like protection, pension, savings, investment, annuity and health (5) Expected earnings per share with expected full financial year 2024-25 net profit of Rs.2542 crores A paid-up share of Rs.10 against Rs.11.8 is available at Rs.592.45 on BSE (Rs.591.95 on NSE) on March 2, 2024.