On the BSE, over 3.59 crore shares of the company had changed hands at the counter as compared with an average trading volume of 0.61 lakh shares in the past two weeks.

On the NSE, over 58.24 lakh shares of the company had changed hands at the counter as compared with an average trading volume of 37.23 lakh shares in the past three months.

In the past three months, the stock has gained 22.32% while the benchmark Sensex has added 5.57% during the same period.

As per media reports, UK-based investment company Abrdn Plc was to sell its entire 1.66% equity in HDFC Life Insurance Company via block deals.

Abrdn, through its subsidiary Abrdn (Mauritius Holdings) 2006 Ltd, held 1.66% stake (aggregating to 3,56,94,105 shares) in HDFC Life as on 31 March 2023. The Indian promoter HDFC Ltd held 1,04,57,60,149 shares, equivalent to 48.65% stake, of the private insurer.

In September last year, Abrdn had sold 4,30,00,000 share of HDFC Life at an average price of Rs 574.15 per share.

HDFC Life Insurance Company is a joint venture between HDFC, India's leading housing finance institution and Abrdn (Mauritius Holdings) 2006, a global investment company. HDFC Life is a leading long-term life insurance solutions provider in India, offering a range of individual and group insurance solutions that meet various customer needs such as protection, pension, savings, investment, annuity and health.

The company's standalone net profit rose marginally to Rs 358.66 crore in Q4 FY23 as against Rs 357.52 crore posted in Q4 FY22. Net premium income jumped 35.95% to Rs 19,426.57 crore in the quarter ended 31 March 2023 as compared with Rs 14,289.66 crore recorded in Q4 FY22.