At the time of publishing HDFCLIFE was trading around 692.50.
HDFCLIFE is a fundamentally strong Largecap. I would like to present some facts which I think were important to notice:
1. It has around 6% higher revenue growth in-comparison to the industrial average in last 5 years.
2. Market share has increased by 3.5%
3. Debt to equity ratio has been 1.39%, vs industry avg of 81.71%.
4. The stock doesn't offer good dividend returns tho.
5. The total promoter holding has decreased but foreign institutional holdings have increased.
It might be a good entry point as the chart analysis and rsi reveals it's much below the overbought levels. Even MACD is going to have a positive crossover in this week.
Target (Take profit) being around 830 levels.
This was my analysis and information from source:tickertape
Invest as per your own analysis and due diligence.
HDFCLIFE
HDFCLIFE is a fundamentally strong Largecap. I would like to present some facts which I think were important to notice:
1. It has around 6% higher revenue growth in-comparison to the industrial average in last 5 years.
2. Market share has increased by 3.5%
3. Debt to equity ratio has been 1.39%, vs industry avg of 81.71%.
4. The stock doesn't offer good dividend returns tho.
5. The total promoter holding has decreased but foreign institutional holdings have increased.
It might be a good entry point as the chart analysis and rsi reveals it's much below the overbought levels. Even MACD is going to have a positive crossover in this week.
Target (Take profit) being around 830 levels.
This was my analysis and information from source:tickertape
Invest as per your own analysis and due diligence.
HDFCLIFE