HDFC Group Stock Reports PAT At Rs 359, Recommends Final Dividend Of Rs 1.90/Share

HDFC Life Insurance Company Ltd. on Wednesday, April 26, 2023, reported a profit after tax (PAT) of Rs 359 crore for the Q4FY23 ended March 31st 2023, nearly flat compared to Rs 357 crore in the same quarter the previous year. The board of directors also proposed a final dividend of Rs 1.90 per share.

HDFC Life is a Mumbai-headquartered HDFC Group's life insurance company. It is a large-cap stock having a market capitalisation of Rs 1,14,261 crore.

HDFC Life recommends a final dividend of Rs 1.90 per equity share

According to the regulatory filing by the Board of Directors of the HDFC Life Insurance Company Ltd., "Recommended final dividend of ₹1.90/‐ per equity share of face value ₹10 each for the financial year 2022‐23, subject to the approval of the Shareholders at the ensuing Annual General Meeting (AGM)."

HDFC Life Stock Overview

The last traded share price of HDFC Life is Rs 531.60 apiece, up 0.35% from the previous close of Rs 529.75 apiece. The stock recorded its 52-week low on 16 March 2023 at Rs 457.80 apiece and its 52-week high on 6 January 2023 at Rs 620.60 apiece, respectively.

The stock gained 1.3% in 1 week and 7.99% in 1 month, respectively. It has fallen 3.32% in 1 year. In 3 years it has given 17.26% positive return. In 5 years it has fallen 0.27%.

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