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    HomeNewsBusinessStocksBuy SBI Life Insurance; target of Rs 1500: ICICI Direct

    Buy SBI Life Insurance; target of Rs 1500: ICICI Direct

    ICICI Direct is bullish on SBI Life Insurance recommended buy rating on the stock with a target price of Rs 1500 in its research report dated January 22, 2023.

    Broker Research
    January 24, 2023 / 19:50 IST
       
       
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      ICICI Direct's research report on SBI Life Insurance

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

      Outlook

      We retain our BUY rating on the stock. Rolling to FY25E, we value SBIL at ~2.5x FY25 EV and maintain our target price at Rs 1500 per share.

      For all recommendations report, click here

      Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

      SBI Life Insurance - 23 -01-2023 - icici
      Broker Research
      first published: Jan 24, 2023 07:50 pm

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