Shares Of HDFC Life Insurance Company Rallied 4.5 Percent

Shares of HDFC Life Insurance Company rallied 4.5 percent to hit a record high of Rs 637.70 intraday on October 30 after more than 5 percent equity exchanged hands through block deals.

The stock has been was one of the biggest gainers in the last one year, showing more than 70 percent return against 16 percent rally in the Nifty.

The private life insurer posted a 7.6 percent year-on-year increase in its September quarter net profit at Rs 308.7 crore, while its premium grew by 10 percent YoY to Rs 7,453.7 crore during the period.

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