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The Economic Times
The Economic Times
Business
Debaroti Adhikary

LIC, HDFC Life, other stocks rise up to 3% as Aug new business premium jumps 33% YoY. What Nuvama, others are saying

LIC HDFC Life Nuvama SBI Life Insurance Debaroti Adhikary SEBI

Shares of life insurers like HDFC Life and LIC rose up to 3% despite the overall market weakness on Tuesday after the companies posted strong monthly growth of 33% year-on-year (YoY) in total new business premium to Rs 41,198 crore in August.

HDFC Life Insurance Company shares jumped nearly 3% to trade at Rs 547.80 apiece on Tuesday morning, while those of insurance behemoth LIC rose nearly 1%. ICICI Prudential Life Insurance Company shares rose nearly 2% but SBI Life shares slipped into the red.

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