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Last Updated : Oct 29, 2020 12:49 PM IST | Source: Moneycontrol.com

Buy SBI Life Insurance; target of Rs 1006: YES Securities

YES Securities is bullish on SBI Life Insurance has recommended buy rating on the stock with a target price of Rs 1006 in its research report dated October 26, 2020.

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YES Securities' research report on SBI Life Insurance

We remain positive on SBI Life with consistent performance on the protection business and revival in the ULIP business. It continues to focus on extracting more from its bancassurance and agency channels. Limited presence on the online platforms, however, is a dampener. The stock trades at FY22E P/EV of 2.1x, which we find attractive.


We maintain our estimates and recommend BUY with a 1-year price target of Rs1,006.

For all recommendations report, click here

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First Published on Oct 29, 2020 12:49 pm