SBI Life share price: Sell SBI Life Insurance Company, price target Rs 1020: Chandan Taparia

Chandan Taparia of Motilal Oswal Securities has a sell call on SBI Life Insurance Company Ltd. with a target price of Rs 1020. The current market price of SBI Life Insurance Company Ltd. is Rs 1054.25. The time period given by the analyst is Intra Day when the price of SBI Life Insurance Company Ltd. can achieve the set goal.

SBI Life Insurance Company Ltd., incorporated in 2000, is a large capitalization company (having a market capitalization of Rs 105449.87 Crore) operating in the financial services industry.

The main products/income 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 31-12-2021, the company reported total standalone revenue of Rs 391.52 Crore, up 4.01% from last quarter, total revenue of Rs 376.41 Crore and in up 61.95% from the same quarter last year, total revenue of Rs 241.76 Crore. The company reported a net profit after tax of Rs 364.06 Crore last quarter.

Investment rationale
The stock hit lower lows over the past five weeks and broke through its support zones

Promoter/Fii Holdings
The promoters held 55.69% of the company’s capital as of December 31, 2021, while the FIIs held 24.47% and the DIIs 12.01%.

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