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

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.

The S&P BSE Sensex was up 308.61 points to 77,032.69, while the NSE Nifty50 added 105.75 points to 23,318.95 as of 10:25 AM.

We reaffirm our medium-term outlook of $ 2 billion revenue with Earnings before interest and tax (Ebit) margin of 17-18 per ...