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Home » HDFC Life and Tech Mahindra quarterly results update along with technical view on stock.

HDFC Life and Tech Mahindra quarterly results update along with technical view on stock.

HDFC Life and Tech Mahindra

 

HDFC LIFE Quarterly Result Update

 

HDFC Life Insurance Q4 net profit rises 2.3% to Rs 319 crore.

Value of New Business (VNB) increased by 14 percent YoY to Rs 2,185 crore.

During the quarter, the life insurer had collected new premiums of Rs 434.47 crore as against Rs 298.40 crore in the year-ago period

HDFC Life sold about 9.8 lakh new individual policies during the quarter under review, thereby registering a YoY growth of 10 percent in FY21

The board has recommended a final dividend of Rs 2.02 per equity share of face value of Rs 10 each for FY21.

COVID-19 reserve of Rs 165 crore for FY22.

In FY21, the individual APE saw a 16 percent YoY to Rs 7,121 crore.

Ulips would continue to be 20-25 percent of the individual APE business.

The annualized premium equivalent is 100 percent of regular premiums and 10 percent of single premiums.

In FY21, HDFC Life has settled Rs 145 crore (net of reinsurance) of 2,324 COVID-19 death claims. The total death claims payouts in FY21 by the insurer were in excess of Rs 3,000 crore.

 

Impact on HDFC Life

Positive

 

 

Technical View of HDFC Life

 

Stock showing bullish trend on the daily chart if stock break 710 level then it will go up to 750+, support is 675 below this it will go 550 level.

 

 

 

Tech Mahindra Quarterly Result Update

 

Q4 EBIT 15.53B Rupees Vs 15.37B (QOQ)

Q4 EBIT Margin 16% Vs 15.9% (QOQ)

CO Recommended a final dividend of 30 rupees per share

Q4 cons net profit 10.81B rupees VS 8.04B (YOY)

Q4 revenue 97.3B rupees Vs 94.9B (YOY)

 

Impact on Tech Mahindra

Neutral to Positive

 

 

 

Technical View on Tech Mahindra

 

Immediate support at 945. Above 970 prices is likely to continue its up move for the 990—1005 levels. Below 945 levels price may correct for 920 levels.

 

 

 

 

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