HDFC Life Insurance share price declined 4% after announcing plans to raise Rs 1,000 crore from HDFC Bank via preferential issue, alongside March quarter earnings growth. Profit rose 4% YoY, while premiums grew 9%. Brokerages remain mixed, with target prices ranging from Rs 725 to Rs 745 amid growth concerns.
Brent below $80 to sustain OMC earnings recovery
Oil marketing companies’ margins are expected to remain stable as crude prices stay below $80. Recent crude price drops have significantly improved earnings for state-owned