SBI Life Insurance Company gains on reporting rise in Q2 net profit
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SBI Life Insurance Company is currently trading at Rs. 1323.85, up by 21.30 points or 1.64% from its previous closing of Rs. 1302.55 on the BSE.
The scrip opened at Rs. 1313.80 and has touched a high and low of Rs. 1329.45 and Rs. 1305.70 respectively. So far 11359 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1392.10 on 18-Sep-2023 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. 1367.10 and Rs. 1291.00 respectively. The current market cap of the company is Rs. 132339.13 crore.
The promoters holding in the company stood at 55.44%, while Institutions and Non-Institutions held 40.46% and 4.10% respectively.
SBI Life Insurance Company has reported 0.92% rise in its net profit at Rs 380.19 crore for second quarter ended September 30, 2023 (Q2FY24) under review as compared to Rs 376.74 crore for the same quarter in the previous year. Net premium income of the company reported 21.68% rise at Rs 20,049.66 crore for Q2FY24 as compared Rs 16,477.26 crore for the corresponding quarter previous year.
SBI Life Insurance Company is carrying on business of life insurance and annuity.
