SBI Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 88875.21 Crore) operating in Financial Services sector.
Financials
For the quarter ended 31-12-2020, the company reported a Standalone sales of Rs 65.71 Crore, down 42.01 % from last quarter Sales of Rs 113.32 Crore and down 75.73 % from last year same quarter Sales of Rs 270.74 Crore Company reported net profit after tax of Rs 232.85 Crore in latest quarter.
Investment Rationale
SBI Life has taken support at the previous mini swing bottom. It has also formed a higher swing low. Stock has also seen a positive divergence with RSI.
Promoter/FII Holdings
Promoters held 60.7 per cent stake in the company as of Sept 30, 2020, while FIIs held 25.8 per cent, DIIs 7.1 per cent and public and others 6.5 per cent.
