Reviews

SBI LIFE INSURANCE COMPANY LTD.

Ticker : 540719
FV : Rs 10 
52-Week H/L : Rs983.95/667.20

We had previously recommended SBI Life Insurance involume 36, issue no. 01, dated October 28, 2019, when the scrip was trading at Rs 969.30 per share. It was recom-mended based on strong bullish technical indicators. The quarterly trends for Q3FY21 show that net premium income has increased by 5.21 per cent to Rs 3,276.53 crore from Rs 3,114.19 crore for Q3FY20. The total income has also increased by 68.27 per cent to Rs 26,551.90 crore in Q3FY21 compared to Rs 15,779.05 crore in Q3FY20. The company reported a 40.25 per cent decrease in the net profit to be Rs 232.85 crore in Q3FY21 compared to Rs 389.77 crore in Q3FY20. Growth in the company's market share and new business margins will lead to better profitability. Hence, we recommend HOLD.