Hdfc Life Share Price Today on 31-10-2024: Hdfc Life share price are down by -1.09%, Nifty down by -0.5%

Hdfc Life Share Price Today on 31-10-2024: At 31 Oct 15:00 today, Hdfc Life shares are trading at price 719, -1.09% down from the previous closing price. Sensex is trading at 79378.4, down by -0.71%. The stock has hit a high of 726.15 and a low of 713.5 during the day.

On the technical front, the stock is trading above the 100,300 days SMA & lower than the 5,10,20,50 day SMA. The stock will have support at 100,300 days SMA & face resistance at 5,10,20,50 days SMA

The SMA values for the stock are given below :

The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at 737.67, 750.33, & 756.67, whereas it has key support levels at 718.67, 712.33, & 699.67.

Till 3 PM today, the volume traded on NSE & BSE for Hdfc Life was -50.71% lower than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.

Overall, as per Mint technical analysis, Following a strong uptrend, the stock is indicating signs of a reversal..

From a fundamental analysis perspective, the company has a ROE of 11.38% & ROA of 0.57% respectively.The current P/E of the stock is at 92.37 & P/B is at 10.03.

The median 1-year forecasted upside in this share is at 11.40% with a target price of 801.00.

The company has a 0.00% promoter holding, 2.32% MF holding, & 25.62% FII holding as per filings in the september quarter.

The MF holding has increased from 1.65% in june to 2.32% in the september quarter.

The FII holding has decreased from 26.62% in june to 25.62% in the september quarter.

Hdfc Life share price down -1.09% today to trade at 719 while its peers are mixed. Its peers such as Bajaj Finserv, ICICI Prudential Life Insurance Company are falling today, but its peers SBI Life Insurance Company, General Insurance Corporation Of India are on the rise. Overall, benchmark indices Nifty & Sensex are down -0.5% & -0.71% each respectively.

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  • Aniket Pujari

    Aniket Pujari is a visionary entrepreneur and dedicated content creator who has made significant contributions to the digital media landscape. As the founder of Minute To Know News, he has established himself as a leading figure in the world of finance, cryptocurrencies, and Internet-related topics.

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