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

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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.

finance

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%.

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