SBI Life Insurance hits record high; surges 34% thus far in FY20

Shares of SBI Life Insurance hit an all-time high of Rs 780 apiece, up 3 per cent, on the BSE on Friday in an otherwise subdued market on expectation of higher growth in the financial year 2019-20 (FY20). It surpassed its previous high of Rs 776 touched on July 5, in the intra-day deal.

The stock of the insurance company was trading at its highest level since October 3, 2017. In comparison, the S&P BSE Sensex was trading flat, up 0.09 per cent at 38,855 points at 11:32 am.

Thus far in FY20, SBI Life Insurance has outperformed the market