The life insurance business by the private sector is taking away a larger share of the LIC business and that is good news for the large players in the private life insurance space. In the private space, HDFC Life, ICICI Pru Life and SBI Life are among the major players and they are likely to benefit the most from the shift.

The stock does not have a very long trading history and hence it is hard to take a technical view but fundamentally you can assume that the stock will get beyond its previous yearly high of Rs.510. This is a stock to hold on for the long term.