HDFC Life shares were up 10.28% to Rs 655.35 at around 10:17 am. Earlier, the stock had reached a day's high of Rs 657.80.

Shares of HDFC Life do not have a single "sell" recommendation from analysts who track the stock on the street. 30 out of the 35 have a "buy" rating.

Global brokerage HSBC is of the view that margin at HDFC Life Insurance may improve going ahead in the rate-cut cycle as they are negatively correlated.

Shares of HDFC Life, ICICI Prudential, SBI Life and Max Financial Services are up in the range of 5 per cent and 10 per cent

HDFC Life on Wednesday (January 15) reported a 15% rise in its third quarter of FY25 net profit, reaching ₹421.31 crore. This is up from ₹367.54 crore in the third quarter of FY24. Net premium income grew by 10%,

India's HDFC Life Insurance reported a 14% rise in third-quarter profit on Wednesday, helped by growth in the sales of retail insurance policies.

The growth in profit after tax (PAT) was driven by a record 24 per cent rise in HDFC Life's individual annual premium equivalent (APE).