HDFC Life Insurance shares tank 4% Q4 results. What are Morgan Stanley and Goldman Sachs saying?

Shares of HDFC Life Insurance dropped 4% to their day's low of Rs 606 on the BSE on Friday after it posted a modest increase in March quarter earnings and announced plans to raise Rs 1,000 crore from promoter HDFC Bank through a preferential share issue.The company reported a 4% year-on-year rise in profit after tax to Rs 496 crore for the March quarter. Net premium income grew 9% YoY to Rs 25,829 crore, indicating steady momentum in its core business despite a challenging environment.The insure...