HDFC Life, SBI Life, ICICI Prudential hit 52-week lows; what’s spooking investors?
Shares of life insurance companies came under selling pressure on Thursday after industry data showed a sharp slowdown in new business premium growth in May. HDFC Life Insurance, SBI Life Insurance and ICICI Prudential Life Insurance all touched fresh 52-week lows during intra-day trade on the BSE. HDFC Life fell to Rs 543.05, SBI Life slipped to Rs 1,712 and…
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