India's SBI Life Insurance set to snap three-year gaining streak

Sbi Life Insurance

31/12/2024 06:48

** Shares of SBI Life Insurance Co  SBIL.NS  fall ~3% in
2024, set to snap three-year winning streak
    ** Insurer down ~1% at 1,391.80 rupees during the session,
on track for third straight session of losses, if trend holds
    ** YTD, Nifty financial services index  .NIFTYFIN  and Nifty
50 index  .NSEI  up ~9% each
    ** Avg rating of 31 analysts covering SBIL at "buy" while
peers ICICI Prudential Life Insurance Co  ICIR.NS  and HDFC Life
Insurance Co  HDFL.NS  also rated "buy" - data compiled by LSEG 
    ** Median PT for SBIL at 1,940 rupees - LSEG data
    ** YTD, ICIR up ~21% while HDFL down ~5%


 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))