Preview: India's SBI Life third quarter to show strong growth, says brokerage; shares rise

Sbi Life Insurance

28/01/2026 04:08

** Shares of SBI Life Insurance SBIL.NS up 0.74% at 2,053.60 rupees ahead of Q3 results

** Motilal Oswal ("Buy", PT: 2,240 rupees) expects strong growth driven largely by its bancassurance channel (where banks sell insurance)

** Stock rated "buy" on avg by 35 analysts covering it, median PT: 2219.50 rupees - data compiled by LSEG

** Peers HDFC Life Insurance HDFL.NS and ICICI Prudential Life Insurance ICIR.NS also rated "buy" on average by analysts covering them - data compiled by LSEG

** SBIL gained ~46% in 2025, stock trading flat so far in Jan

** State Bank of India-backed insurer posted 7% fall in Q2 profit, hurt by higher commissions paid to boost sales and a drop in income from investments

(Reporting by Surbhi Misra in Bengaluru)

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