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Shares of HDFC Life and ICICI Lombard were in the green on July 16 after both insurers posted their June quarter results. On the flip side, HDB Financial Services slipped in early trade after its earnings disappointed the Street.

ICICI Lombard rose 2 per cent to Rs 2,045 after the company delivered decent results, especially given the tough environment for insurers. Profit met expectations, though premium growth (GDPI) was a bit slow. Still, analysts are upbeat and have slightly raised their earnings estimates. The stock has already gained 10 per cent this year double the Nifty 50’s 5 per cent rise.

HDFC Life also added 2 per cent, trading at Rs 774. While the results were slightly soft—as expected—investors were encouraged by strong growth in Value of New Business (VNB) and improving profit margins. The stock has jumped 22 per cent so far in 2025, beating the broader market. Many brokerages are now more positive on the stock and have increased their price targets.

Meanwhile, HDB Financial Services dropped 1.6 per cent to Rs 827.70. The NBFC reported a net profit of Rs 568 crore, which was 2 per cent lower than the same time last year. Revenue was up 15 per cent, but its vehicle financing segment dragged down performance. This came as a surprise to many investors, especially since it’s an HDFC Group company.

Zee Business Managing Editor Anil Singhvi shared his thoughts on all three companies—and even offered trading tips:

Results were weak, but that was expected. VNB growth was strong, margins are getting better, and the second half of the year should be stronger.

Trade call: Buy HDFC Life futures near Rs 750

Targets: Rs 765, Rs 771, Rs 780

Stop loss: Rs 740

Good performance considering how tough the sector is right now. Profit was in line, but premium growth was slow. Still, a solid quarter overall.

Trade call: Look for support around Rs 1,945

Possible upside: Rs 2,055

Very weak results. Not what you’d expect from an HDFC Group company. The vehicle loan business is where things went wrong.

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