HDFC Life Falls on GST Cut, Q2 Profit Up

  Published 9 months ago

HDFC Life falls 4.6% to a five‑month low amid GST cut, analysts adjust forecasts, and market.

  • Q2 profit rises on robust retail demand, but margins slip due to the GST rate cut impact.
  • JM Financial downgrades to 'add'; brokerages cut FY26 earnings, citing lost GST input tax credit.
  • Analysts rate buy, median target 877.5 rupees; stock up 17.7% year‑to‑date despite recent price dip.

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