The company’s strong financials, along with favorable technical charts, could trigger further upside, according to the analyst.
HDFC Life Insurance could potentially test the ₹800 level in the near term, supported by strong buying and positive momentum, SEBI-registered analyst Deepak Pal said.
He observed that the stock has consistently found support at its 14, 55, and 200-day Exponential Moving Averages (EMAs), indicating strength in the current uptrend.
HDFC Life is currently holding above its 14-day EMA, which is acting as strong short-term support. Pal added that if the stock sustains above ₹750, it could potentially test ₹800 soon.
The company maintains healthy fundamentals. For FY24, HDFC Life posted a net profit of ₹1,515 crore and preserved a healthy Value of New Business (VNB) margin of around 27%.
Pal said its assets under management (AUM) crossed ₹2.6 lakh crore, supported by steady premium income and smart investment strategies.
He noted that a key factor behind its success is its extensive and well-diversified distribution network, highlighting its strong bancassurance through HDFC Bank, robust digital channels, a wide agency force, and over 300 strategic alliances.
The merger with Exide Life expanded its presence in tier-2 and tier-3 markets, further strengthening its rural and semi-urban customer base. Its 13th-month persistency ratio remains above 85%, reflecting strong policyholder retention.
HDFC Life has a solvency ratio of 2.0x—well above the regulatory requirement—and continues investing in digital transformation, enabling efficient and customer-centric service delivery.
Pal added that the company is well-positioned for sustained long-term growth due to the trusted HDFC brand, favorable demographics, and a largely underpenetrated insurance market.
Retail sentiment on Stocktwits turned ‘bullish’ a day earlier.

Year-to-date, the stock has risen nearly 25%.
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