HDFC shares more than 2%

The company shares fell more than 2 %. It continued to improve its position in protection business and had gained share in FY18 after a loss in share in FY17. In their post earnings call, Amitabh Chaudhry, MD and CEO, HDFC Life said that they had a robust quarter and that protection business continued to add to individual APE (annualised premium equivalent) for the company.