Buy SBI Life, target price Rs 1150: Motilal Oswal

Motilal Oswal has buy call on SBI Life Insurance Company Ltd. with a target price of Rs 1150. The current market price of SBI Life Insurance Company is Rs 1019.05. Time period given by analyst is one year when SBI Life Insurance Company Ltd. price can reach defined target.

SBI Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 101747.21 Crore) operating in Financial Services sector.

Financials
For the quarter ended 31-03-2021, the company reported a Standalone Total Income of Rs 1446.43 Crore, up 498.29 % from last quarter Total Income of Rs 241.76 Crore and up 58.68 % from last year same quarter Total Income of Rs 911.52 Crore. Company reported net profit after tax of Rs 532.38 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 60.7 per cent stake in the company as of Sept 30, 2020, while FIIs held 25.8 per cent, DIIs 7.1 per cent and public and others 6.5 per cent.