SBI Life jumps over 3.15% after reporting above Street estimate Q4 results; brokerages raise targets
SBI Life's net premium was up by 26.2 per cent to Rs 25,116 crore in Q4 against Rs 19,897 core Year-on-Year (YoY). It was below Zee Business research estimates of Rs 23,678 crore. Its profit after tax (PAT) was up by 4.3 per cent to Rs 811 crore against Rs 777 crore, above research estimates of Rs 720 crore.
Jefferies and CLSA both have maintained a 'buy' stance on the insurance company. Photo: File/Representational