The price range for the share sale has been set at Rs 1,130 -Rs 1,136.85
The insurer's claims rose 1.28x by volume from FY21 to Q1FY22. In Q1, it has settled 8,956 covid claims, amounting to Rs 570 crore
Analysts believe SBIL is well positioned for long term growth given its strong market position, solid product portfolio, diversified distribution network, healthy capital position.
Recently, Cummins India's declining trend seems to have been arrested around the 750-mark, which coincided with the '89-EMA' on the daily chart
Analysts expect SBI Life stock to outperform peers over the next one-two years, riding on the stock growth prospects for the sector
US private equity fund CA Emerald Investments, an affiliate of Carlyle Asia Partners, is looking to sell 3.5 per cent stake in SBI Life Insurance amounting to Rs 3,308 crore, a report said
Analysts remain watchful of the impact of the lockdowns announced in various key states due to the resurgence in Covid-19 cases
The French insurer held a 5.20 per cent stake in SBI Life before selling a major part of its stake in the company
M&M has got a green signal from the Reserve Bank of India to reduce its ownership in Korean automaker SsangYong Motor
SBI Life showed strong growth of more than 60 per cent in new business premium.
Private insurers saw their NBP grow by 16% during the month to Rs 9,504.64 crore, compared with Rs 8,128.51 crore in February 2020
While on one hand the Budget proposed to increase the FDI limit in the sector to 74 per cent, it also proposed to levy capital gains tax on ULIPs rendering insurance an unattractive investment option
Net premium income up almost 18%, revenue from investment rises more than 3x
Given the sharp volatility, it is preferable to stick to leaders or top-tier players across sectors as they consolidate their position and gain market share
Strong premium income growth of SBI Life and HDFC Life in Q2 cements the Street's conviction, and at 27.4% VNB margin I-Pru Life surprises investors
Strong premium income growth of SBI Life and HDFC Life in Q2 cements the Street's conviction, and at 27.4 per cent, VNB margin I-Pru Life surprises investors
In the first half of the financial year (FY21), net profit of the insurer was up 38 per cent to Rs 690 crore over the same period a year ago
The brokerage expects the company to maintain its cost leadership with GWP remaining at nearly 10 per cent over FY23E.
Shares of Zee Entertainment Enterprises fell 3.7 per cent and that of Bharti Infratel ended flat. The two companies will be removed from the bluechip index
All that happened in the markets today