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Buy SBI Life Insurance; target of Rs 1250: ICICI Direct

ICICI Direct is bullish on SBI Life Insurance has recommended buy rating on the stock with a target price of Rs 1250 in its research report dated July 27, 2021.

July 29, 2021 / 02:29 PM IST
 
 
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ICICI Direct's research report on SBI Life Insurance


SBI Life (SBIL) is among most dominant players in the Indian life insurance industry with strong distribution network, parentage and operating metrics Balanced product mix with focus on opex ratio ahead of industry Strong parentage led distribution remain key catalyst


Outlook


Factoring distribution strength & diversified product mix, we retain our BUY rating on the stock We value SBIL at 3.1x FY23 EV with revised TP of Rs 1250


For all recommendations report, click here

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first published: Jul 29, 2021 02:29 pm
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