SBI Life Insurance Company Ltd stays supported

March 03,2021

SBI Life Insurance Company Ltd rose for a third straight session today. The stock is quoting at Rs 900.5, up 2.43% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.36% on the day, quoting at 15121.7. The Sensex is at 50975.14, up 1.35%. SBI Life Insurance Company Ltd has added around 4.24% in last one month.

Meanwhile, Nifty Financial Services index of which SBI Life Insurance Company Ltd is a constituent, has added around 0.66% in last one month and is currently quoting at 16398.6, up 1.94% on the day. The volume in the stock stood at 12.76 lakh shares today, compared to the daily average of 20.7 lakh shares in last one month.

The benchmark March futures contract for the stock is quoting at Rs 904.55, up 2.3% on the day. SBI Life Insurance Company Ltd is up 1.74% in last one year as compared to a 34.4% gain in NIFTY and a 24.39% gain in the Nifty Financial Services index.

The PE of the stock is 60.41 based on TTM earnings ending December 20.

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