SBI Life Insurance Company Ltd gains for third straight session

SBI Life Insurance Company Ltd is quoting at Rs 732.65, up 2.35% on the day as on 12:54 IST on the NSE. The stock is up 11.07% in last one year as compared to a 22.23% slide in NIFTY and a 31.19% slide in the Nifty Financial Services index.

SBI Life Insurance Company Ltd gained for a third straight session today. The stock is quoting at Rs 732.65, up 2.35% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 0.69% on the day, quoting at 9128.85. The Sensex is at 31047.12, up 0.74%. SBI Life Insurance Company Ltd has gained around 3.95% in last one month.

Meanwhile, Nifty Financial Services index of which SBI Life Insurance Company Ltd is a constituent, has gained around 5.4% in last one month and is currently quoting at 8983.5, up 0.77% on the day. The volume in the stock stood at 7.22 lakh shares today, compared to the daily average of 17 lakh shares in last one month.

The benchmark May futures contract for the stock is quoting at Rs 735.05, up 2.53% on the day. SBI Life Insurance Company Ltd is up 11.07% in last one year as compared to a 22.23% slide in NIFTY and a 31.19% slide in the Nifty Financial Services index.

The PE of the stock is 50.32 based on TTM earnings ending March 20.

Source: Business Standard