For FY22 Infosys CEO Salil Parekh received a total remuneration of Rs 71.02 crore, up 43 per cent. This compensation included Rs 52.33 crore from restricted stock unit options.
Insurance stocks underperformed the frontline indices on Tuesday following a faded listing of state-run giant Life Insurance Corporation.
The 13th month persistency stood at 88.35 per cent in FY22 versus 87.92 per cent in FY21
Except for Max Financial Services other insurance related shares seem to be on a weak ground, indicate technical charts.
It sold 5.58 million shares at Rs 1,068.35 apiece. Buyers included Aditya Birla Sun Life MF, Avendus, ICICI Prudential MF, Singapore's GIC and Goldman Sachs
According to reports, Canada Pension Fund was to sell its 0.56 per cent stake in the company in a price band of Rs 1,039 - Rs 1,077
Foreign portfolio investors exited India in droves and have sold stocks since October 2021 amid fears of an earlier and faster-than-expected rate hike by the US Federal Reserve (US Fed)
To better understand the market direction in the days ahead, traders and investors consider the 200-DMA as a more reliable average than its peers 50-DMA and 100-DMA.
However, total income declined to Rs 20,458.31 crore in the quarter under review from Rs 26,551.90 crore in October-December 2020 period
Shares of the major private insurers, HDFC Life and ICICI Prudential are seen testing key support levels currently.
There are other stocks which may show breakout structure, but still possesses the risk of high volatility and momentum, that may shift in any situation.
SBI Life is the best play to ride the upturn in the insurance sector, analysts say