“Despite overbought readings on the daily as well as some weekly oscillators, the price chart is not displaying meaningful weakness which may not materialise unless the index slips below 17,359 level. If the index sustains above 17,442, eventually the index can head towards 17,800 level. Short-side traders are advised to remain neutral whereas longside players should maintain a stop below 17,440 level,” he said.
HDFC Life Q4 Results: Cons PAT rises 15% YoY to Rs 475 crore, revenue jumps 16%
The company’s board also recommended a final dividend of Rs 2.10 per equity share for the financial year 2024–25.