Indian life insurers show strong preference for midcap firms

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Indian life insurers show strong preference for midcap firms

Five of India's leading life insurers - ICICI Prudential Life, SBI Life (NS: SBIL ), HDFC Life, Tata AIA Life, and Kotak Life - have shown a strong preference for midcap firms Indian Hotels (NS: IHTL ) Ltd (IHCL), Federal Bank (NS: FED ) Ltd, and Bharat Forge Ltd (NS: BFRG ) at the end of September.

IHCL attracted ₹1,991 crore due to its operational efficiency and a zero-debt balance sheet. Federal Bank secured ₹1,782 crore following a 20% year-on-year advance rise and a 23% deposit increase. Bharat Forge drew in ₹1,641 crore with an anticipated 30.1% year-on-year revenue growth, EBITDA margins at 17%, and a profit rise of 13.4%.

Other midcap companies that were favored include Ashok Leyland (NS: ASOK ), Nykaa (NS: FSNE ), Voltas (NS: VOLT ), Persistent Systems (NS: PERS ), Ramco Systems (NS: RMCS ), AU Small Finance Bank (NS: AUFI ) (SFB), Astral Pipes, Balkrishna Industries (NS: BLKI ), Cummins (NYSE: CMI ), and M&M (NS: MAHM ) Financial.

In the smallcap sector, Krishna Institute (NS: KRII ) of Medical Sciences Ltd (KIMS), Affle India (NS: AFFL ), and Redington India were the preferred choices. KIMS led the pack with investments amounting to ₹677 crore (INR100 crore = approx. USD12 million).

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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