SBI Life is an insurance company selling Life Insurance in India. SBI Life is a subsidiary of India’s mother bank, SBI (State Bank of India) with SBI owning 55.50% of the company. SBI Life was incorporated in October 2000 and is registered with the Insurance Regulatory Development Authority of India (IRDAI) since March 2001. 
SBI Life began trading on the NSE in the financial services sector in October 2017 debuting at a price of ₹696.75 and has surged 88.73% to ₹1,313.75 as on January 13, 2023, i.e. a gain of ₹617 in just over five and half years. It reached its lifetime high of ₹1,340.35 in September 2022 and is just 2% away from its all-time high.
Looking at the technical aspect of the price action, SBI Life is having support at ₹1,298, ₹1,280.3, and ₹1,269.3 and Resistance at ₹1,326.7, ₹1,337.7, and ₹1,355.4 as per standard calculations based on the SBI Life’s previous closing price. The price of the share is currently near its pivot point and closing towards its high after 3 months. The recent candlestick pattern is showing bearish signs over the week as per investing dot com.
Looking at the fundamentals, SBI Life has a Market Cap of ₹ 1,31,744 Cr, a PE ratio of 78.62 while the Sectoral Index PE is 18.64, and an ROE of 14%. It has a net profit margin of 2.29% from the quarter of SEP 2022 with a 33% increase in Net Sales. The last five years have also seen a gradual increase in revenue. The shareholders were given a dividend of ₹ 2/share. SBI Life saw a Net Profit growth of 3.44% and dividend growth of -20% in a year.
Looking at the shareholding pattern 55.45% lies with promoters, 25.09% with FII, 14.94% with DII, and 4.52% with the public. The competitors to SBI Life are LIC, HDFC Life, ICICI Prudential, ICICI Lombard, Star Health and Allied Insurance, and General Insurance Corporation of India.
© Vygr Media Private Limited 2022. All Rights Reserved.
