01-01-1970 12:00 AM | Source: Accord Fintech
SBI Life Insurance Company falls despite reporting 45% rise in Q1 net profit
News By Tags | #448 #1302 #1426 #572

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

https://t.me/InvestmentGuruIndiacom

Download Telegram App before Joining the Channel

SBI Life Insurance Company is currently trading at Rs. 1290.35, down by 10.15 points or 0.78% from its previous closing of Rs. 1300.50 on the BSE.

The scrip opened at Rs. 1294.95 and has touched a high and low of Rs. 1297.75 and Rs. 1274.65 respectively. So far 29207 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1339.55 on 08-Sep-2022 and a 52 week low of Rs. 1039.25 on 20-Mar-2023.

Last one week high and low of the scrip stood at Rs. 1323.30 and Rs. 1274.65 respectively. The current market cap of the company is Rs. 129204.65 crore.

The promoters holding in the company stood at 55.45%, while Institutions and Non-Institutions held 40.37% and 4.18% respectively.

SBI Life Insurance Company has reported results for first quarter ended June 30, 2023 (Q1FY24). 

The company has reported 44.96% rise in its net profit at Rs 381.04 crore for the quarter under review as compared to Rs 262.85 crore for the same quarter in the previous year. Net premium income of the company reported 18.74% rise at Rs 13104.49 crore for Q1FY24 as compared Rs 11036.02 crore for the corresponding quarter previous year.

SBI Life Insurance Company is carrying on business of life insurance and annuity.