Insurance News

SBI Life stocks: Buy SBI Life Insurance Company, target price Rs 1710: Emkay Global

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Emkay Global has buy call on . with a target price of Rs 1710. The current market price of is Rs 1317.25.

SBI Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 131833.09 Crore) operating in Financial Services sector.

SBI Life Insurance Company Ltd. key Products/Revenue Segments include Amount transferred from Policyholder Account, Interest, Dividend & Rent and Profit/Loss on Sale/Redemption of Investments for the year ending 31-Mar-2021.

Smart Talk

Financials

For the quarter ended 30-06-2022, the company reported a Standalone Total Income of Rs 4817.29 Crore, down -77.77 % from last quarter Total Income of Rs 21666.15 Crore and down -69.93 % from last year same quarter Total Income of Rs 16021.62 Crore. Company reported net profit after tax of Rs 262.85 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 55.48 per cent stake in the company as of 30-Jun-2022, while FIIs owned 23.9 per cent, DIIs 12.29 per cent.

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