SBI Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 85669.21 Crore) operating in Financial Services sector.
Shutterstock.comPromoters held 60.7 per cent stake in the company as of Sept 30, 2020, while FIIs held 25.8 per cent, DIIs 7.1 per cent and public and others 6.5 per cent.
Anand Rathi has buy call on SBI Life with a target price of Rs 1030. The current market price of SBI Life Insurance Company Ltd. is Rs 857.5.
SBI Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 85669.21 Crore) operating in Financial Services sector.
Financials For the quarter ended 30-09-2020, the company reported a Standalone sales of Rs 113.32 Crore, down 59.85 % from last quarter Sales of Rs 282.23 Crore and up 104.18 % from last year same quarter Sales of Rs 55.50 Crore Company reported net profit after tax of Rs 299.73 Crore in latest quarter.
Investment Rationale The brokerage has initiated coverage on the company with a BUY rating and a target price of Rs 1,030 per share.
Promoter/FII Holdings Promoters held 60.7 per cent stake in the company as of Sept 30, 2020, while FIIs held 25.8 per cent, DIIs 7.1 per cent and public and others 6.5 per cent.
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