SBI Life Shares: Buy SBI Life Insurance Company, Target Price Rs 1710: Emkay Global

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

SBI Life Insurance Company Ltd., incorporated in 2000, is a large capitalization company (having a market capitalization of Rs 131833.09 Crore) operating in the financial services sector.

The main products/revenue segments of SBI Life Insurance Company Ltd. include the amount transferred from the policyholder’s account, interest, dividends and rents and profit/loss on sale/redemption of investments for the year ending March 31, 2021.


For the quarter ended 30-06-2022, the company reported total standalone revenue of Rs 4817.29 Crore, down -77.77% from last quarter, total revenue of Rs 21666.15 Crore and down -69.93% compared to the same quarter last year. Total income of Rs 16021.62 Crore. The company reported a net profit after tax of Rs 262.85 Crore last quarter.

Promoter/Fii Holdings
The promoters held 55.48% of the company’s capital as of June 30, 2022, while the FIIs held 23.9% and the DIIs 12.29%.

(Disclaimer: The recommendations given in this section or any report attached hereto are written by an external party. The views expressed are those of the respective authors/entities. These do not represent the views of Economic Times (ET). AND does not warrant or endorse any of its content and hereby disclaims all warranties, express or implied, relating thereto.Please consult your financial adviser and seek independent advice.


Comments are closed.