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HDFC Life Share Price: HDFC Life stock fell 4% to Rs 581 after March results even after reporting 14% net profit growth to Rs 412 crore. Achieved 11% APE growth for FY24, individual APE growth at 1%.
The public offering, which closes on April 22, has been priced in the band of ₹10-11 apiece, which is 17-29% below the stock\’s Tuesday closing price of ₹12.9. Financial markets were shut on Wednesday for Ram Navami.
International Paper (IP) agreed to acquire DS Smith (DITHF) in an all-stock transaction valued at 5.8 billion pounds ($7.2 billion), surpassing a competing offer from Mondi.
Citi Research commodity strategists believe the initial impact of Iran’s April 13 attack on Israel will be for oil prices to drop below $90 per barrel.
\”While the revenue was lower than our expectations, the margin improvement and deal wins remained robust, driven by better utilisation of resources,\” said Sumit Pokharna, IT analyst at Kotak Securities. \”In the near term, the stock is likely to move up as the numbers are good.\”