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.

ICICI Direct has buy call on Insurance Company Ltd. with a target price of Rs 1024. The current market price of SBI Life Insurance Company Ltd. is Rs 1005.3.

Time period given by analyst is Intra Day when SBI Life Insurance Company Ltd. price can reach defined target.

SBI Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 100477.12 Crore) operating in Financial Services sector.

Did you Know?

Stock score of SBI Life Insurance Company Ltd moved down by 2 in a month.

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Financials
For the quarter ended 31-03-2021, the company reported a Standalone Total Income of Rs 1446.43 Crore, up 498.29 % from last quarter Total Income of Rs 241.76 Crore and up 58.68 % from last year same quarter Total Income of Rs 911.52 Crore. Company reported net profit after tax of Rs 532.38 Crore in latest quarter.

Investment Rationale
Price rebounding after taking support at the 34 days EMA& on verge of breakout.

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.

(Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.

Buy SBI Life Insurance Company, target price Rs 1024: ICICI Direct

SBI Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 100477.12 Crore) operating in Financial Services sector.

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