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Why ICICI Pru Life, SBI Life Insurance, HDFC Life shares surged today?

20 Apr , 2021   By : Kanchan Joshi


Why ICICI Pru Life, SBI Life Insurance, HDFC Life shares surged today?

Shares of Life Insurance companies are trading with gains in Tuesday's session with ICICI Prudential Life leading the pack as it surged over 10% intraday after the company reported better-than-expected March quarter earnings on Monday. Other insurance company stocks like HDFC Life Insurance and SBI Life Insurance also jumped in trade.


At around 11:05 am, ICICI Prudential Life Insurance shares was up 10.8% at Rs501 per share on the BSE. HDFC Life Insurance shares were trading 3% higher at Rs686 per share on the BSE while SBI Life Insurance also jumped as the stock was up 2% at Rs924 per share in Tuesday's early deals.


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